Hi traders, do you think this breakout is clean enough for the Nasdaq to continue its upward trend?
The
NAS100 has broken out of the consolidation zone around 29,750–29,900 and is currently holding firmly above the Ichimoku cloud. For me, the H1 structure still favors buyers as the old resistance zone is starting to turn into support.
If there is a pullback, 29,750–29,900 is the area I want to watch. As long as buyers can defend this zone, the bullish scenario remains preferred.
🎯 Target: 30,500
Today's macroeconomic environment also supports the technology sector as the market continues to reduce expectations of a Fed interest rate hike in September.
If the H1 closes back below 29,750, the current breakout will lose significant credibility.
AURICVERSE View: The breakout has happened; now we just need to see if the area just broken truly becomes support. If so, 30,500 would still be my preferred region.
How are you reading this structure? Share your view below.
The
NAS100 has broken out of the consolidation zone around 29,750–29,900 and is currently holding firmly above the Ichimoku cloud. For me, the H1 structure still favors buyers as the old resistance zone is starting to turn into support.If there is a pullback, 29,750–29,900 is the area I want to watch. As long as buyers can defend this zone, the bullish scenario remains preferred.
🎯 Target: 30,500
Today's macroeconomic environment also supports the technology sector as the market continues to reduce expectations of a Fed interest rate hike in September.
If the H1 closes back below 29,750, the current breakout will lose significant credibility.
AURICVERSE View: The breakout has happened; now we just need to see if the area just broken truly becomes support. If so, 30,500 would still be my preferred region.
How are you reading this structure? Share your view below.
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⚡ Follow AuricVerse_HQ beyond the chart.
Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
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Join AURICVERSE GOLD for XAUUSD analysis, Forex, Crypto & trader discussions:
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Penerbitan berkaitan
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.