US Nas 100Short
Technical Analysis: Key Levels After 400-Pip Drop
Technical Analysis
Yesterday, the price dropped approximately 400 pip and reversed at its support level. Today, the price is expected to test 21,200. A break below this support level (21,200) could extend the bearish trend toward 20,990.
However, if the price stabilizes above 21,200 with a 4-hour candle close, it could push higher toward 21,400. Stability above 21,400 would support a bullish move toward 21,535.
Key Levels:
Pivot Point: 31350
Resistance Levels: 21400, 21535, 21620
Support Levels: 21160, 20990, 20860
Trend Outlook:
Consolidation between 21200 and 21395
Bearish Momentum by stability below 21200
Yesterday, the price dropped approximately 400 pip and reversed at its support level. Today, the price is expected to test 21,200. A break below this support level (21,200) could extend the bearish trend toward 20,990.
However, if the price stabilizes above 21,200 with a 4-hour candle close, it could push higher toward 21,400. Stability above 21,400 would support a bullish move toward 21,535.
Key Levels:
Pivot Point: 31350
Resistance Levels: 21400, 21535, 21620
Support Levels: 21160, 20990, 20860
Trend Outlook:
Consolidation between 21200 and 21395
Bearish Momentum by stability below 21200
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~6 analyses per day. With a clear entry point
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