The US NAS100 experienced an early rise on Thursday. This movement follows a rally in the major indices after the Federal Reserve reaffirmed its projection for two interest rate cuts in 2025.
Currently, I believe the price is attempting to break through the support zone. It needs to surpass and stabilise above 19,885. However, before this upward movement, I think a brief retest toward 19,680 may occur. If the price successfully breaks past 19,885, I expect the 4-hour candle to close above this level, confirming the bullish trend and touching the rotation axis.
Bullish target: 19885, 20300, 20545
Bearish target: 19565, 19230, 18965
Currently, I believe the price is attempting to break through the support zone. It needs to surpass and stabilise above 19,885. However, before this upward movement, I think a brief retest toward 19,680 may occur. If the price successfully breaks past 19,885, I expect the 4-hour candle to close above this level, confirming the bullish trend and touching the rotation axis.
Bullish target: 19885, 20300, 20545
Bearish target: 19565, 19230, 18965
- What do you think about this setup? Share your opinion in the comments, and let’s discuss!
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The price declined to the support level as a correction before rising to test the resistance at 19,885. However, it was unable to stabilize above this level and is currently trading within that range.We anticipate that the price will continue to rise, eventually breaking through 19,885, and moving higher to reach the rotation axis.
Note
Due to the exhaustion gap, the daily candle opens above 19,885, thereby confirming the bullish trend. We are now awaiting a move toward the 20,300 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.