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.
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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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Related publications
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.