Important Support Zone: 17496.82-17806.08
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I published it as a NAS100USD chart, but this is the first time I published it as an IXIC chart.
The reason I published it as an IXIC chart is to check the gap location.
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To summarize the content below a little more,
- The key is whether it can receive support near 17806.08 and rise above 18425.15.
- If it rises, it is expected to determine the trend again near 19189.16-19615.36.
- If it falls below 17806.08
1st: 17496.82
2nd: 16480.98-16574.39
3rd: 15491.66-15780.14
You need to check whether there is support near the 1st-3rd above.
- Since the StochRSI indicator is currently in the overbought zone, even if it continues to rise, it will eventually show a downward trend.
At this time, whether there is support near 17496.82-17806.08 is important.
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It is rising with a 2.32% gap increase.
It is expected that a full-scale uptrend will begin when it rises above 18425.15.
Therefore, the key is whether it can rise with support above 17806.08.
If it falls below 17806.08, it is likely to fall to around 17395.53.
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It has risen above the left Fibonacci ratio 3.14 (17191.03) and is rising near the right Fibonacci ratio 0.886 (18171.81).
Therefore, if it rises above 18425.15, it is expected to determine the trend again near the right Fibonacci ratio 1 (19189.16) ~ left Fibonacci ratio 3.618 (19615.36).
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However, since the StochRSI indicator is currently in the overbought zone, it appears to be forming a high point.
Whether this high will be a real high or a high to create a pull back pattern will depend on where it is supported.
Therefore, if it falls to the lowest point from the current price position, the key point is whether there is support near 17496.82.
However, as I mentioned earlier, the first support area is near 17806.08.
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Have a nice time.
Thank you.
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Note
#NAS100USD
Looking at the previous flow, you can see that the StochRSI indicator touched the 100 point and then rose by approximately 2%.
At the same time, the BW indicator fell below the 100 point, 19728.0 point, and turned into a downtrend.
Since the StochRSI indicator has not touched the 100 point at the moment, we need to watch the situation a bit more.
However, if the StochRSI indicator maintains the 100 point, it is expected to touch around 20313.8 based on the previous flow.
Therefore, it is expected that the trend will be determined again around 20313.8.
The BW indicator has currently touched the 100 point.
Therefore, it can be interpreted that the StochRSI and BW indicators are forming a high point range.
Therefore, the key issue is whether there is support near 19582.6 during a decline.
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