US 100 Cash CFDShort
Nasdaq Resistance Strikes Again: Bears Taking Control!
The NASDAQ hit a significant resistance level at 19,778, which coincides with a 1-hour Fair Value Gap (FVG).
The price action shows a rejection from this level, indicating a potential reversal.
A downward trend is expected, with the next support targets at 19,604 and 19,507.
If momentum continues, a deeper decline could push prices toward 19,467.82.
The price action shows a rejection from this level, indicating a potential reversal.
A downward trend is expected, with the next support targets at 19,604 and 19,507.
If momentum continues, a deeper decline could push prices toward 19,467.82.
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iSmashProfit
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.