The NAS100 experienced a significant bullish leg beginning on Monday, April 22, 2024, from the area of value at 16990.00, reaching an all-time high of 20775.75 on Thursday, July 11, 2024. Following this extended bullish cycle, a bearish leg has emerged, currently nearing its anticipated target at 18202.30. This downward movement was confirmed by the formation of a bearish flag at the 19226.50 inflection zone. The established market structure demonstrates confluence across multiple time frames, with a one-hour chart offering ideal entry points for this final momentum run.
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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.