🔍 Market Overview:
The Nasdaq 100 (NDX) has been in a strong downtrend, but recent price action suggests a potential bullish reversal from a key demand zone. As of now, price is testing critical resistance levels, and a breakout could lead to a significant rally.
📌 Key Levels to Watch:
🔹 Support: 19,433 – 19,500 (Strong demand zone) 🟠
🔹 Resistance 1: 20,710 (Breakout target) 🔵
🔹 Resistance 2: 22,091 (Major supply zone) 🔵
📈 Bullish Scenario:
If price holds above the 19,433 support level and breaks past 20,710, we could see a strong move toward 22,091. Volume confirmation and momentum indicators will be key to validating the bullish continuation.
📉 Bearish Scenario:
Failure to hold above 19,433 could signal further downside, possibly retesting lower support levels below 19,250.
🚀 Trading Plan:
✅ Long above 20,710 with targets at 21,500 and 22,091.
❌ Stop-loss below 19,433 to minimize risk.
💬 What’s your outlook on NDX? Will we see a breakout or another rejection? Drop your thoughts in the comments! 👇🔥
The Nasdaq 100 (NDX) has been in a strong downtrend, but recent price action suggests a potential bullish reversal from a key demand zone. As of now, price is testing critical resistance levels, and a breakout could lead to a significant rally.
📌 Key Levels to Watch:
🔹 Support: 19,433 – 19,500 (Strong demand zone) 🟠
🔹 Resistance 1: 20,710 (Breakout target) 🔵
🔹 Resistance 2: 22,091 (Major supply zone) 🔵
📈 Bullish Scenario:
If price holds above the 19,433 support level and breaks past 20,710, we could see a strong move toward 22,091. Volume confirmation and momentum indicators will be key to validating the bullish continuation.
📉 Bearish Scenario:
Failure to hold above 19,433 could signal further downside, possibly retesting lower support levels below 19,250.
🚀 Trading Plan:
✅ Long above 20,710 with targets at 21,500 and 22,091.
❌ Stop-loss below 19,433 to minimize risk.
💬 What’s your outlook on NDX? Will we see a breakout or another rejection? Drop your thoughts in the comments! 👇🔥
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✅JOIN FREE SIGNALS t.me/frankfxforextrade
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
✅ MORE FREE SIGNALS t.me/frankfx223
✅FOR VIP DM: t.me/frankfx22
✅ICMARKETS frankfxx.com/icmarkets
✅ EXNESS frankfxx.com/exness
✅ DERIV frankfxx.com/deriv
Related publications
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.