NAS100USD / OVERALL DIRECTION TOWARDS DOWNWARD /4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Trend:
• Prices are under downward pressure as they remain below the resistance level of 20,839.
• The market appears to be consolidating or stabilizing around this level, preparing for a potential move.
Upward Scenario:
• If prices remain below 20,839, it is suggested that they may decline further:
• First target: 20,666 (support level).
• Further decline to 20,451 (next major support).
Downward Scenario:
• If the price breaks above 20,839 (the resistance level), it could lead to a rally:
• Initial target: 21,105.
• Further move to 21,249, which is identified as the All-Time High (ATH).