Nasdaq Composite Index critical price levels in the H6 time frame
The Index has pulled back after reaching highs of 12033.40 in the H6 time frame and fell below a major support level at 11417.60 but still holds above 10801.80.
10801.80 is an important level as you can see on the chart it bounced off twice last month before heading up to major levels at 11417.60 and 12033.40.
The Index could fall to the next major level at 10421.20 and 10185.90 if fails to hold above 10801.80
The support and resistance level on this chart is based on my Indicator which calculates major moves in the market and also estimates future price levels.
The Index has pulled back after reaching highs of 12033.40 in the H6 time frame and fell below a major support level at 11417.60 but still holds above 10801.80.
10801.80 is an important level as you can see on the chart it bounced off twice last month before heading up to major levels at 11417.60 and 12033.40.
The Index could fall to the next major level at 10421.20 and 10185.90 if fails to hold above 10801.80
The support and resistance level on this chart is based on my Indicator which calculates major moves in the market and also estimates future price levels.
