USNAS100 Bearish Trend Emerges After Bullish Targets Reached
Technical Analysis Nasdaq
The price has reached all our bullish targets perfectly and now appears to be entering a bearish trend.
The price has reached all our bullish targets perfectly and now appears to be entering a bearish trend.
- Today's Outlook:
The price has stabilized below the resistance line at 19,650, consolidating between 19,625 and 19,525. - Bullish Scenario:
To re-enter a bullish trend, the price must break above 19,625 and close a 4-hour candle above this level, potentially targeting 19,760. - Bearish Scenario:
As long as the price remains below 19,625, it is likely to drop towards 19,230. A 1-hour candle close below 19,525 would confirm the bearish trend, with further potential declines. - Key Levels:
- Pivot Line: 19,570
- Resistance Levels: 19,710, 19,820, 19,980
- Support Levels: 19,450, 19,230, 19,100 - Today's Expected Range:
The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625.
In summary, maintaining a position below 19,625 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could indicate a shift back to a bullish trend.
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