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NASDAQ 100 E-mini Futures

Nasdaq - To test significant confluence zone

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Nasdaq is going to test a significant level. the level has some importance due the following reasons:

  • Double bottom scenario - a recent low
    50% fib retracement from March 2020 to its all-time high.
    5
0-week EMA - this has prevented the index from free-falling on at least 3 occasions in the past.
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Chart Patterns

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Chart Patterns
impressiveSeaf70631

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.