US Nas 100Long
USNAS100 - Consolidation
Generally, the direction is to trade in the bullish trend, as long as the price is trading above 20.205.
Uptrend Side: The USNAS 100 index is trading above the support of 20,385, and is trying to reach the support of 20,530, The index is approaching the significant resistance level of 20,530. If the index touches this resistance, it is anticipated that it will undergo a short retest before resuming its upward trajectory.
Following this retest, the price is expected to rise again, reaching the previous high of 20700 and potentially establishing a new high of 20,900.
Downtrend Side: However, it is important to note that the outlook may turn bearish if the price stabilizes below 20,385. In such a scenario, the stabilization under this level could indicate a shift in trend until 20.200, suggesting a potential decline in the index. Therefore, monitoring the price action around these key levels is crucial for anticipating the future direction of the USNAS 100 index.
Tendency Keys: 20,200
Uptrend Side: The USNAS 100 index is trading above the support of 20,385, and is trying to reach the support of 20,530, The index is approaching the significant resistance level of 20,530. If the index touches this resistance, it is anticipated that it will undergo a short retest before resuming its upward trajectory.
Following this retest, the price is expected to rise again, reaching the previous high of 20700 and potentially establishing a new high of 20,900.
Downtrend Side: However, it is important to note that the outlook may turn bearish if the price stabilizes below 20,385. In such a scenario, the stabilization under this level could indicate a shift in trend until 20.200, suggesting a potential decline in the index. Therefore, monitoring the price action around these key levels is crucial for anticipating the future direction of the USNAS 100 index.
Tendency Keys: 20,200
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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