CURRENCYCOM:US100
Nasdaq is moving bullish after breaking out of a resistance level and retesting on the same resistance it broke out, turning it into support. Price retraced at the 38.2% Fibonacci retracement level and a bullish engulfing candle to create a high confluence setup for a buy on Nasdaq.
382 Fibonacci RetracementbreakandretestbullishstructureconfluenceconfluencetradinghighconfluenceNASDAQ 100 CFDnasdaqTrend Analysisus100

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