US Nas 100
Long
Updated

NASUSD100 ( UNDER BULLISH PRESSURE ) ( 4H )

1 118
NAS100USD

HELLO TRADERS

TURNING LEVEL : around 20.542 , the price stabilizing this level indicates active resistance level , if the price breaking this level trying to reach a support level

PRICE MOVEMENT :

  • ACTIVE RESISTANCE LEVEL : know the price trade above 20.542 , indicates active this level in my opinion , the price it will attempt to reach a turning level after touch a resistance level around 20,703 , then breaking this level trying to reach a historical peaks around 20,906

  • ACTIVE SUPPORT LEVEL : this level become active when the price breaking a turning level at 20.542 , which is what make it reach a support level at 20,219 , then by opening 4h candle below this level reach a 19,978


TARGET LEVEL :
  • TENDENCY : 20.542
  • RESISTANCE LEVEL :20,703 , 20,906
  • SUPPORT LEVEL : 20,219 , 19,978
Trade active
snapshot
Trade active
reach first target , nas100usd rose 390 pip , know stabilizing a resistance level , the price continues a rising to a next target 20,703 , but need a corrective 20,388 before upward

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.