NDX 2H: Resistance Rejection Keeps Downside Pressure Intact
NDX | 2H Educational Analysis
The Nasdaq 100 has broken below a key ascending trendline and is facing rejection from a major resistance area, suggesting a potential continuation of bearish momentum.
🔹 Resistance Area: 29,200 – 29,500
🔹 Current Price Area: 28,620
🔹 First Support Target (TP1): 27,300
🔹 Second Support Target (TP2): 25,800
Educational Trade Setup:
• Entry Area: Bearish rejection below 29,200
• Stop Loss (SL): Above 29,600
• Take Profit 1 (TP1): 27,300
• Take Profit 2 (TP2): 25,800
Analysis:
Price has failed to reclaim the highlighted resistance zone after breaking the rising trendline. The recent rejection indicates weakening bullish momentum, while market structure favors a move toward lower support levels. As long as price remains below the resistance area, sellers may continue to dominate. A sustained move above resistance would invalidate the current bearish outlook.
Disclaimer:
This analysis is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and apply proper risk management before trading.
NDX | 2H Educational Analysis
The Nasdaq 100 has broken below a key ascending trendline and is facing rejection from a major resistance area, suggesting a potential continuation of bearish momentum.
🔹 Resistance Area: 29,200 – 29,500
🔹 Current Price Area: 28,620
🔹 First Support Target (TP1): 27,300
🔹 Second Support Target (TP2): 25,800
Educational Trade Setup:
• Entry Area: Bearish rejection below 29,200
• Stop Loss (SL): Above 29,600
• Take Profit 1 (TP1): 27,300
• Take Profit 2 (TP2): 25,800
Analysis:
Price has failed to reclaim the highlighted resistance zone after breaking the rising trendline. The recent rejection indicates weakening bullish momentum, while market structure favors a move toward lower support levels. As long as price remains below the resistance area, sellers may continue to dominate. A sustained move above resistance would invalidate the current bearish outlook.
Disclaimer:
This analysis is for educational and informational purposes only and does not constitute financial advice. Always perform your own analysis and apply proper risk management before trading.
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.