Happy new week. Looking at NAS100 we see that it got rejected at around 12596 fulfilling my previous prediction. It also formed a double top which may suggest that bulls are struggling to push price further up. I would like to see price push up to 12500-12540 to look for selling opportunities. I anticipate NAS100 to fall to 11929.
I will set my targets as follow: Target 1: 12260.88 Target 2: 11929.14 Stop loss: 12710.59
Do you think NAS100 will fall or rise? Please share your thoughts in the comments. If you have any questions do ask me in the comment section, I will be glad to respond.
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