A drop to the downside for Nasdaq100 from resistance is imminent
🔍Technical expectations:
🔹Nas100 has approached the resistance of the rising channel.
🔹We can expect some more consolidation closer to the resistance.
🔹Fake breakout can be expected, but a health correction to the downside is necessary and more imminent, testing the September 2021 high at around 15700.00
🔹We will closely watch future development at 15700 if bulls will be able to protect this level, if that happens then price will continue to print new record highs.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍
Many wishes and trade smart!
🔍Technical expectations:
🔹Nas100 has approached the resistance of the rising channel.
🔹We can expect some more consolidation closer to the resistance.
🔹Fake breakout can be expected, but a health correction to the downside is necessary and more imminent, testing the September 2021 high at around 15700.00
🔹We will closely watch future development at 15700 if bulls will be able to protect this level, if that happens then price will continue to print new record highs.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍
Many wishes and trade smart!
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