US Nas 100Short
NAS100USD / TRADING UNDER SUPPLYZONE / 4H
Updated
NAS100USD / 4H TIME FRAME
HELLO TRADERS
Downward Pressure: Prices are currently trading under a bearish (downward) trend.
Supply Zones , Between 20,860 & 20,920 and 21,037 & 21,112: These zones are acting as resistance levels where selling pressure is high, preventing prices from rising further.
Demand Zone , Between 20,559 & 20,354: This is identified as a support level where buying interest might increase, potentially halting further price decline.
Possible Scenarios:
If prices remain below the supply zones, further decline toward the demand zone is expected , If prices break above the supply zones, it suggests an increase toward ,The all-time high (ATH) around 21,260 , A strong supply zone between 21,175 & 21,260.
Overall Outlook , The text emphasizes the bearish trend unless resistance levels are broken.
HELLO TRADERS
Downward Pressure: Prices are currently trading under a bearish (downward) trend.
Supply Zones , Between 20,860 & 20,920 and 21,037 & 21,112: These zones are acting as resistance levels where selling pressure is high, preventing prices from rising further.
Demand Zone , Between 20,559 & 20,354: This is identified as a support level where buying interest might increase, potentially halting further price decline.
Possible Scenarios:
If prices remain below the supply zones, further decline toward the demand zone is expected , If prices break above the supply zones, it suggests an increase toward ,The all-time high (ATH) around 21,260 , A strong supply zone between 21,175 & 21,260.
Overall Outlook , The text emphasizes the bearish trend unless resistance levels are broken.
Trade active
UPDATE
The index is described as trading below a resistance trendline, indicating bearish sentiment. A resistance trendline typically signals a level where selling pressure could prevent the price from moving higher.
A potential supply zone is identified between 21,032 and 21,112. This suggests that if the price rises to this range, sellers are likely to enter the market, causing downward pressure.
The text predicts a drop toward a demand zone between 20,559 and 20,354, implying that buyers may step in at this level, supporting the price and potentially reversing the downward movement.
The analysis concludes with a bearish outlook, stating that the NAS100USD is under downward pressure, meaning the market trend is currently dominated by sellers.
Note
UPDATE
Prices have reached a predetermined target for an increase , They are now trading below the last supply zone (a resistance area) between 21,177 and 21,260.
If prices remain and stabilize below this supply zone, a decline is expected , The predicted decline would bring prices to the demand zone (a support area) between 20,964 and 20,892.
If prices break above the all-time high (ATH) at 21,260, further increases are expected , The next potential target is a new ATH around 21,460.
Trade closed: target reached
FOR INCREASE REACHED FULL TARGET.
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.