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price action for NASDAQ in both case

54
NASDAQ is trading in uptrend
Price is below resistance level 1 at 14995
Above SMA 100 and SMA 200
MACD shows weakness in bearish momentum
RSI is below level 50

First scenario: if price break resistance level 1 at 14995 and close above it on H4 frame, it's recommended to open long trade to target resistance level 2 at 15400

Second scenario: if price break major uptrendline and close below support level 1 at 14550 on H4 frame, it's recommended to open short trade to target support level 2 at 14075 then HVN at level 13700

R3:15400
R2: 15200
R1: 14995
Pivot: 14720
S1: 14550
S2: 14075
S3: 13700
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nasdaqTrend Analysis

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nasdaqTrend Analysis
locphatfunds
You can support us by registering a trading account under our registration link at
🌐 Exness:
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Also on:

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.