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NAS100USD / TRADING BELOW SUPPLY ZONE - 4H NAS100USD / 4H TIME FRAME HELLO TRADERS yesterday prices rising +225 pip profit currently trading below the resistance trend line may be rising into supply zone after decline to reach 19,187. As long as the price remains below 19,954, a decline is expected, with potential targets of 19,187 and subsequently 18,688. However, if the price breaks above 19,954, the trend is likely to shift upwards, initially aiming for 20,194 and potentially reaching as high as 20,714. TURNING LEVEL : 19,954
OANDA:NAS100USDShort
by ArinaKarayi
1
NASDAQ - New ATH? Bullish outlook is still in place for a while to come, and the instrument has an honest attempt of hitting new all-time highs. The model suggests that the highs at the end of 2021 are currently vulnerable to challenge with potential as previously indicated for a new ATH . The index has been bullish from the start of the year, but it actually kicked off in October 2022 with an influx and continuation of considered interests. Except for a notable downturn that lasted nearly the whole year of 2022, the Nasdaq has been rising steadily for all of time. Technical analyses maintain that prices are currently in a make-or-break situation due to the immediate challenge of the big decline in 2022, But that at these current levels, there should be sufficient drive to continue the ascent to new highs in form of a bullish stretch/ductility. As with any new ATH, some type of collapse will become unavoidable, driving prices down, back to current levels and inherently giving Sellers a last ditch opportunity to address difficulties. This assumes that the projected ATH is reached, at which point more data analysis will be carried out. If the scenario described above doesn't occur, a crash becomes possible with 15500 being the area of immediate interest. Having found this page valuable, then Like it, Follow and Leave a Comment to receive updates as they happen. Observe your DD, it's merely a vista!
OANDA:NAS100USDLong
by FroggyFX