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Nasdaq-100 Index (US100) Waiting For Breakout
US 100
Short
Nasdaq-100 Index (US100) Waiting For Breakout
By VasilyTrader
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Mar 23, 2023
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Nasdaq Index is stuck between 2 solid structures.
Depending on the reaction to the underlined areas, I see 2 potential scenarios.
1 - Bullish
If the price breaks and closes above 12700 - 12900 supply cluster on a daily,
I will expect a bullish movement at least to 13130
2 - Bearish
If the price drops and closes below 12300 - 12500 demand area on a daily,
I will expect a selloff to 11900
Wait for a breakout, it will show us the future direction of the market.
❤️Please, support my work with like, thank you!❤️
dowjones
Elliott Wave
NASDAQ 100 CFD
nasdaq
Supply and Demand
Support and Resistance
swing
swingtrade
swingtrader
swingtrading
us100
VasilyTrader
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