HELLO TRADERS
Last week has concluded. The US NAS100 index experienced a sharp decline and stabilised below the previous support zone, currently trading within this zone and around the 21570 level. There is also the possibility of prolonged consolidation in this area.
Market conditions are expected to remain bearish as long as prices remain below the last resistance zone. Furthermore, the bearish trend will be confirmed if the price falls below the strong support at 21570, as evidenced by a closing 4-hour candle and a break of the channel.
Conversely, if there is a strong upward push that allows the index to surpass the last resistance zone, it could reach an all-time high (ATH) and potentially set a new record.
If this analysis makes sense to you, let me know in the comments! Also, feel free to share your perspective on the market.
Last week has concluded. The US NAS100 index experienced a sharp decline and stabilised below the previous support zone, currently trading within this zone and around the 21570 level. There is also the possibility of prolonged consolidation in this area.
Market conditions are expected to remain bearish as long as prices remain below the last resistance zone. Furthermore, the bearish trend will be confirmed if the price falls below the strong support at 21570, as evidenced by a closing 4-hour candle and a break of the channel.
Conversely, if there is a strong upward push that allows the index to surpass the last resistance zone, it could reach an all-time high (ATH) and potentially set a new record.
If this analysis makes sense to you, let me know in the comments! Also, feel free to share your perspective on the market.
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The price has breached the support level at 21,570, breaking out of the channel, and is now attempting to penetrate the next support zone, which lies between 21,375 and 21,175. This zone is critical for determining market direction and the potential establishment of a one-sided trend.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.