Last year, NAS100 made a double top around 22270 area. Later it fell below daily EMA200 in March, and correction continued to 0.5 Fib levels, till 16420 area.
NAS100 is following exact same pattern so far this year. It did hit double top near 26290 area and it just closed below EMA200 on daily TF, and that too in Month of March (some seasonality in play?). I'd expect correction (call it a fall). A daily close below EMA 200 is already a strong bearish sign but still it closed above psychological support of 24000. If it doesn't reverse from here, I'd expect a prolonged correction towards 21300 area (0.5Fib levels), with some intermediate support around 23000.
NAS100 is following exact same pattern so far this year. It did hit double top near 26290 area and it just closed below EMA200 on daily TF, and that too in Month of March (some seasonality in play?). I'd expect correction (call it a fall). A daily close below EMA 200 is already a strong bearish sign but still it closed above psychological support of 24000. If it doesn't reverse from here, I'd expect a prolonged correction towards 21300 area (0.5Fib levels), with some intermediate support around 23000.
Zlecenie aktywne
falling as expected, reaching first support zone near 23000.Transakcja zamknięta: osiągnięto wyznaczony cel
NASDAQ100 took support at 23000, and bounced.
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⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
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📊 Charts → 🏗️ Structure → 🎯 Probability =📖 Chart Story
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
⏳ Patience → 🚀Success
🎯 If this setup makes sense to you, show it some support with a Boost.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.