NAS100 - Can 1D Trend Hold?
Dear Friends,
How I see it:
# Very strong 3 Day rejections at ATH = 22235.00
## Strong RED daily close on Friday
### Impressive 1D trend since 7th August 2024, still holding!
Potentially price can continue down looking for support -
1) 50% Fib retracement @ 21415.00
2) 1D Trend support @ 21200.00
3) Psychologic support @ 21000.00
4) Strong demand @ 20600.00 - 20470.00
Potential long - (I don't want to guess what it will do first)
1) Imbalance to fill up to 21870.00
Keynote:
If this 1D trend is breached and the break is confirmed -
Price can easily fall back down into the 17000 's region.
Thank you for taking the time to study my analysis.
How I see it:
# Very strong 3 Day rejections at ATH = 22235.00
## Strong RED daily close on Friday
### Impressive 1D trend since 7th August 2024, still holding!
Potentially price can continue down looking for support -
1) 50% Fib retracement @ 21415.00
2) 1D Trend support @ 21200.00
3) Psychologic support @ 21000.00
4) Strong demand @ 20600.00 - 20470.00
Potential long - (I don't want to guess what it will do first)
1) Imbalance to fill up to 21870.00
Keynote:
If this 1D trend is breached and the break is confirmed -
Price can easily fall back down into the 17000 's region.
Thank you for taking the time to study my analysis.
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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.