USNAS100 Bearish Trend Emerges After Bullish Targets Reached

Jun 14

Technical Analysis Nasdaq

The price has reached all our bullish targets perfectly and now appears to be entering a bearish trend.

• Today's Outlook:
  The price has stabilized below the resistance line at 19,650, consolidating between 19,625 and 19,525.
  
  
• Bullish Scenario:
  To re-enter a bullish trend, the price must break above 19,625 and close a 4-hour candle above this level, potentially targeting 19,760.
  
  
• Bearish Scenario:
  As long as the price remains below 19,625, it is likely to drop towards 19,230. A 1-hour candle close below 19,525 would confirm the bearish trend, with further potential declines.
  
  
• Key Levels:
  - Pivot Line: 19,570
  - Resistance Levels: 19,710, 19,820, 19,980
  - Support Levels: 19,450, 19,230, 19,100
  
  
• Today's Expected Range:
  The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625.
  
  In summary, maintaining a position below 19,625 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could indicate a shift back to a bullish trend.