Why the current section is important
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It is not easy to explain everything with just chart analysis.
Therefore, it is true that interpretation of various issues is necessary.
However, I am only explaining the chart.
The reason is that interpretation of various issues other than the chart is not easy for individual investors.
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(NAS100USD 1W chart)
In order to continue the uptrend, the price must be maintained above the M-Signal indicator of the 1M chart.
If not, there is a high possibility of continuing the downtrend.
Therefore, if the price is maintained above 18693.7, I think it is highly likely that the uptrend will continue.
However, this is a medium- to long-term perspective.
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(1D chart)
In the short term, the price should be maintained above the M-Signal indicator on the 1D chart.
In that sense, we can see that the current price position is an important section.
However, in order to continue the short-term upward trend, it should rise above the M-Signal indicator on the 1W chart.
In that sense, the support around 19848.3 is an important key point.
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Currently, the StochRSI indicator has entered the overbought section.
Therefore, even if it continues to rise further, it is expected to show a downward trend in the end.
Therefore, if it is not supported near 19848.3, I think you should prepare for a decline.
At this time, you should check whether it can be supported near 18428.8 and rise.
The reason is that the HA-Low indicator of the 1D chart is formed.
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The HA-Low and HA-High indicators are indicators created for trading on the Heikin Ashi chart.
The fact that the HA-Low indicator was created means that it rose from the low point section.
Therefore, if it is supported near the HA-Low indicator, then that is the time to buy.
If it falls without being supported by the HA-Low indicator, there is a possibility of a stepwise decline, so you should think about a countermeasure for this.
However, there is a difference between a downward trend following the HA-Low indicator and a simple downward trend.
A stepwise decline following the HA-Low indicator is likely to eventually form a bottom section.
The next volatility period is expected to be around April 29th.
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Thank you for reading to the end.
I hope you have a successful trading.
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