Nasdaq 100 IndexUpdated InvestMate💲 Nasdaq Reached A Strong Resistance Zone 💲
💲 Nasdaq Reached A Strong Resistance Zone
💲 The nearest strong support zone: around the fibo level 0.236 of the downward wave.
💲 Nearest strong resistance zone: around the fibo level 0.382 of the downward wave.
💲 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Uptrend
💲 Nasdaq broke out beautifully from the levels I wrote about more than 2 weeks ago scoring an increase of more than 11%.
After reaching a strong resistance zone, I expect a deceleration of growth and the possibility of a correction, I do not think we will fall as far as the nearest support zone. I expect more of a flattening of the movement which will end with a continuation of growth to new local peaks.
💲 The scenario I'm playing out is to wait for the end of the correction, and join the continuation of the upward movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
💲 The nearest strong support zone: around the fibo level 0.236 of the downward wave.
💲 Nearest strong resistance zone: around the fibo level 0.382 of the downward wave.
💲 Technical environment:
📊 Moving averages: 50/50
📊 MACD: Uptrend
📊 RSI: Uptrend
💲 Nasdaq broke out beautifully from the levels I wrote about more than 2 weeks ago scoring an increase of more than 11%.
After reaching a strong resistance zone, I expect a deceleration of growth and the possibility of a correction, I do not think we will fall as far as the nearest support zone. I expect more of a flattening of the movement which will end with a continuation of growth to new local peaks.
💲 The scenario I'm playing out is to wait for the end of the correction, and join the continuation of the upward movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
Note
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.