USNAS100 (LIKELY STARTING A BEARISH TREND)with retest possibilty
Technical Analysis: Price Reversal in Focus
After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.
- Today's Outlook:
The bearish trend is expected to continue as long as the price remains below the pivot zone which is 19625 and 19800, potentially targeting 19250 and 19100. - Bullish Scenario:
For a bullish reversal, the price needs to rise above 19800, aiming for targets of 19960 and 20100. - Bearish Scenario:
As long as the price trades below 19625, the bearish trend is likely to persist, with targets at 19520 and 19250, supported by strong bearish volume. - Key Levels:- Pivot Line: 19625
- Resistance Levels: 19800, 19960, 20100
- Support Levels: 19525, 19250, 19110 - Today's Expected Range:
The price is anticipated to fluctuate between the support at 19250 and the resistance at 19800, with a downward trend expected for today.
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