US Nas 100
Short
Updated

USNAS100/ BEARISH GAP

426
On Monday, the Nasdaq index declined by 1.7%, following an announcement made on Saturday by former U.S. President Donald Trump. He declared the imposition of tariffs of 25% on Canada and Mexico and 10% on China.

Technical Analysis:
The price is currently trading below the 21,180 support level. If it remains below this level, further downward movement is expected, potentially reaching 20,880. If the price breaks below 20,880, it may extend its decline toward 20,540.

However, if the price rebounds and breaks above the 21,180 resistance level, an upward movement may occur, pushing the price towards the strong resistance zones of 21,415 and 21,615.

Tendency Keys: 21,180
Resistance Line: 21,180, 21,415, 21,615.
Support Line: 20,880, 20,540, 20,190
Trade active
The price increased yesterday, surpassing the 21,180 level. It made an initial attempt to break through the resistance zone between 21,415 and 21,615 but failed to do so. We anticipate that the price will continue its upward movement until it successfully breaches this zone.

snapshot
Trade closed: target reached
The price has formed a bearish channel and continues to trade within it, remaining below the 21,415 level. A corrective upward movement may occur; however, a sharp decline toward the 20,880 level is expected to follow. This downward momentum aligns with the prevailing bearish structure, reinforcing the likelihood of further declines after any short-term retracement.

snapshot

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