Nasdaq Eyes Bearish Correction After 5.6% Weekly Gain
The Nasdaq posted a strong gain of approximately 5.6% last week
Nasdaq Technical Analysis
The Nasdaq is anticipated to undergo a bearish correction today, with price action likely to consolidate between 19,210 and 19,625 until a breakout occurs.
Bullish Scenario:
For a bullish continuation, the price must break above 19,625 and close a 4-hour candle above this level, targeting further gains towards 19,820 and 20,100.
Bearish Scenario:
A downward move could see the price drop towards 19,390 and potentially test the 19,210 support. especially if closed 4h candle below 19525
Key Levels:
- Pivot Point: 19525
- Resistance Levels: 19625, 19830, 20100
- Support Levels: 19390, 19210, 18940
Expected Trading Range Today: 19210 to 19625
Trend: Bearish Correction Towards 19,210
Nasdaq Technical Analysis
The Nasdaq is anticipated to undergo a bearish correction today, with price action likely to consolidate between 19,210 and 19,625 until a breakout occurs.
Bullish Scenario:
For a bullish continuation, the price must break above 19,625 and close a 4-hour candle above this level, targeting further gains towards 19,820 and 20,100.
Bearish Scenario:
A downward move could see the price drop towards 19,390 and potentially test the 19,210 support. especially if closed 4h candle below 19525
Key Levels:
- Pivot Point: 19525
- Resistance Levels: 19625, 19830, 20100
- Support Levels: 19390, 19210, 18940
Expected Trading Range Today: 19210 to 19625
Trend: Bearish Correction Towards 19,210
Ordre annulé
The direction reversed to the bullish especially if can stabilize above 19625 by closing 4h candle
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my free signals channel telegram
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.