US Nas 100
Long

NAS100USD ( INSIDE DESCINDING CHANNEL ) ( 4H)

75
NAS100USD

HELLO TRADERS

in recent days , prices have fallen sharply , with the issuance of shares of several companies and losses .

  • Tendency, the price is under bullish pressure , until the price trading above turning level at 18,244 .

  • RESISTANCE ZONE : in order to see an increase , as long as trading and stabilizing above turning level at 18,244 , to support rising to reach of a resistance level (1) at 18,698 , to confirm a rising trading , price should be closing 1h or 4h candle above resistance level (1) to reach a resistance level (2) at 19,112 , this two level called resistance zone , there have been many sales in this zone before , may be the price reserve descending channel before rising .

  • SUPPORT ZONE : should the price reserve and breaking turning level , indicates dropping to support level (1) around 17,435 , to confirm downward , the price it will be breaking 17,435 , by closing 4h candle below it to reach support level (2) at 17,047 , to reach support level (3) at 16,232 , the price should be stabilizing below 17,047 , there have been many buying in this zone before .

  • Corrective level :Price may make a correction at 18,244 , before rising .


TARGET LEVEL :
  • RESISTANCE LEVEL : 18,698 ,19,112 , 19,546 .
  • SUPPORT LEVEL : 17,435 , 17,047 , 16,232 .

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