USNAS100 12H / Markets Remain Volatile Awaiting Jobs DataNasdaq Technical Analysis
Markets Remain Volatile Awaiting Jobs Data
Next Outlook:
The price is expected to consolidate between 17,900 and 17,590 until a breakout occurs.
Bullish Scenario:
For a bullish trend to develop, the price needs to stabilize above 17,900 by closing a 4-hour candle above this level, which could support a rise towards 18,420.
Bearish Scenario:
Stability below 17,900 will support a decline towards 17,590. Further stability below 17,590 could drive the price downward to 17,050.
Key Levels:
- Pivot Line: 17900
- Resistance Levels: 18050, 18240, 18420
- Support Levels: 17730, 17590, 17300
Today's Expected Trading Range:
The price is anticipated to fluctuate between 17,980 and 17,580.
Tendency: Downward, as long as trading remains below 17,900.
Previous idea: