USNAS100 / Bearish Reversal Following All-Time High

Technical Analysis: Price Reversal

After reaching an all-time high, the price has reversed.

  • *Today's Outlook:
    The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.

    *Bullish Scenario:
    For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.

    *Bearish Scenario:
    As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.

    *Key Levels:
    - Pivot Line: 19840
    - Resistance Levels: 19960, 20090, 20150
    - Support Levels: 19630, 19525, 19230

    *Today's Expected Range:
    The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
NASDAQ 100 CFDnasdaqSupply and DemandSupport and ResistancetrendTrend Analysisusnasusnas100

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