NAS100 8H TECHNICAL ANALYSIS ๐ป๐ง
OVERALL TREND
๐ UPTREND โ Structure is shifting bullish. Recent higher lows and strong rebounds from April lows confirm the current upward momentum. This is supported by 12/13 Moving Averages flashing BUY, including critical 50- and 200-period EMAs/SMA clusters. MACD and Momentum indicators also favor continued upside.
๐ด RESISTANCE ZONES
๐ฏ TARGETS & BUY ORDERS
๐ข SUPPORT STRUCTURE
๐ค STRUCTURAL NOTES
๐ GLOBAL TECHNICAL SUMMARY
TRADE OUTLOOK ๐
๐งช STRATEGY RECOMMENDATION
CONSERVATIVE BREAKOUT ENTRY:
โ Entry: 18,286.55
โ TP Levels: 19,291.55 / 19,989.55 / 21,065.42
โ SL: Below 17,258.99
RISK-ON DIP BUY STRATEGY:
โ Buy Zone: 16,630 โ 17,258
โ TP: 18,286.55 / 19,291.55
โ SL: Below 16,335.10
โDiscipline | Consistency | PAY-tienceโ
OVERALL TREND
๐ UPTREND โ Structure is shifting bullish. Recent higher lows and strong rebounds from April lows confirm the current upward momentum. This is supported by 12/13 Moving Averages flashing BUY, including critical 50- and 200-period EMAs/SMA clusters. MACD and Momentum indicators also favor continued upside.
๐ด RESISTANCE ZONES
- 22,248.00 โ ๐ด SELL STOPLOSS | Final Pivot High
- 21,955.77 โ ๐ด SELL ORDER 2
- 21,364.19 โ ๐ด SELL ORDER 1
๐ฏ TARGETS & BUY ORDERS
- 21,065.42 โ ๐ฏ TP4 | EXIT THE RALLY
- 19,989.54 โ ๐ฏ TP3 | Momentum confirmation
- 19,291.55 โ ๐ฏ TP2 | Mid Pivot Zone
- 18,286.55 โ ๐ฏ TP1 | Initial Profit Target
- 17,258.99 โ โ
BUY ORDER 1
- 16,630.74 โ โ
BUY ORDER 2
- 16,335.10 โ โ BUY STOPLOSS | Pivot Low
๐ข SUPPORT STRUCTURE
- PIVOT LOW @ 18,286 โ Support holding for now
- PIVOT LOW @ 17,258 โ Strong confluence with previous structure
- BUY ORDER zones between 16,330 โ 17,258 โ Demand cluster for reversals
๐ค STRUCTURAL NOTES
- MACD shows bullish divergence with a rising histogram and crossover confirmation
- Momentum (+694) and RSI (66.69) suggest strength, though nearing overbought territory
- Price has reclaimed 10, 20, 50, 100, and 200 MA levels โ rare alignment of major trend confirmation
- Only outlier: Hull MA (9) signaling short-term overextension โ may suggest brief consolidation before continuation
๐ GLOBAL TECHNICAL SUMMARY
- ๐ 12 of 13 Major Moving Averages = BUY
- ๐ MACD & Momentum Oscillators = BUY
- ๐งญ Majority of Oscillators = Neutral โ supporting a โcalm before breakoutโ thesis
- โ๏ธ CCI shows slight overbought = caution near resistance zones
- ๐ No major bearish divergence detected โ trend remains intact
TRADE OUTLOOK ๐
- ๐ Bullish Bias above 18,286.55 (TP1) targeting 19,291.55 (TP2) and beyond
- ๐ Bearish rejection likely near 21,065+ if volume fades โ monitor RSI/MACD
- ๐ Watch for volume confirmation as we approach 19,989.55
๐งช STRATEGY RECOMMENDATION
CONSERVATIVE BREAKOUT ENTRY:
โ Entry: 18,286.55
โ TP Levels: 19,291.55 / 19,989.55 / 21,065.42
โ SL: Below 17,258.99
RISK-ON DIP BUY STRATEGY:
โ Buy Zone: 16,630 โ 17,258
โ TP: 18,286.55 / 19,291.55
โ SL: Below 16,335.10
โDiscipline | Consistency | PAY-tienceโ
Professor C. E. Ward
Disclaimer
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Professor C. E. Ward
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.