After a sharp uptrend, the NAS has broken above 19,565, a critical level.
Currently, the price is undergoing a corrective phase toward 19,565. If this level supports the price following the correction, it is expected to rise and reach the resistance at 19,890 before declining to break below 19,565. Further downward movement may lead the price to 19,235 and eventually to 18,970.
Bearish target: 19565, 19235, 18670.
Bullish target: 19880, 20300, 20545.
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
Currently, the price is undergoing a corrective phase toward 19,565. If this level supports the price following the correction, it is expected to rise and reach the resistance at 19,890 before declining to break below 19,565. Further downward movement may lead the price to 19,235 and eventually to 18,970.
Bearish target: 19565, 19235, 18670.
Bullish target: 19880, 20300, 20545.
Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
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The price has reached the resistance level of 19,885. From this point, it is expected to decline in order to validate our bearish scenario. However, if a 4-hour candle closes above this level, it will indicate the first step towards a bullish movement.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.