NASD100USD / TRADING BELOW ATH PRICES / 4H
NAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Price Action , The Nasdaq has reached a historical peak (ATH) around 21,250, Prices are showing signs of a potential decline after hitting this high, suggesting a possible retracement.
ATH Resistance (21,250): If prices stabilize below this level, it signals a likely bearish trend.
Demand Zone (20,906 - 20,781): This is the first support area where buyers may re-enter. If prices reach here and hold, it could signal consolidation or a potential bounce.
FVG Zone (20,482 - 20,324): A further decline to this fair value gap would confirm a downtrend, indicating bearish pressure. Breaking this level would suggest a more substantial downturn.
If the Nasdaq breaks below the FVG, it’s expected to target the next demand zone between 20,074 and 19,916, which represents a significant support range for a potential bounce or further drop.
If prices stabilize above the FVG zone (20,482 - 20,324), this could indicate potential for a rally back towards the ATH at 21,250, as buyers maintain control in this range.
HELLO TRADERS
Current Price Action , The Nasdaq has reached a historical peak (ATH) around 21,250, Prices are showing signs of a potential decline after hitting this high, suggesting a possible retracement.
ATH Resistance (21,250): If prices stabilize below this level, it signals a likely bearish trend.
Demand Zone (20,906 - 20,781): This is the first support area where buyers may re-enter. If prices reach here and hold, it could signal consolidation or a potential bounce.
FVG Zone (20,482 - 20,324): A further decline to this fair value gap would confirm a downtrend, indicating bearish pressure. Breaking this level would suggest a more substantial downturn.
If the Nasdaq breaks below the FVG, it’s expected to target the next demand zone between 20,074 and 19,916, which represents a significant support range for a potential bounce or further drop.
If prices stabilize above the FVG zone (20,482 - 20,324), this could indicate potential for a rally back towards the ATH at 21,250, as buyers maintain control in this range.
Trade active
UPDATE
Current Price Action , Prices are attempting to decline further and are currently trading below the all-time high (ATH) level of 21,250.
Recent Decline , Yesterday’s price decline yielded a profit of +165 pips, indicating successful movement within a predicted trend.
Demand Zone , There’s an identified demand zone between 20,906 and 20,781. Prices might reach this zone, which could potentially support a reversal or slow the decline.
FVG (Fair Value Gap) Area , Below the demand zone lies an FVG area. In technical analysis, an FVG often represents a price imbalance that could act as support or resistance.
Upward Pressure , Despite the current downward movement, there’s overall upward pressure, meaning prices may stabilize and potentially rise.
Future Price Levels , If prices stabilize above the FVG, it’s expected they could return to the ATH of 21,250. If they exceed this level, the next target is a new ATH around 21,380.
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