Nasdaq 100 IndexLong
Nasdaq-100 Wave Analysis 28 January 2025
- Nasdaq-100 reversed from support zone
- Likely to rise to resistance level 22000.00
Nasdaq-100 index recently reversed up from the support zone set between the key support level .00 (which has been reversing the index from December), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from November.
The upward reversal from this support zone stopped the previous intermediate ABC correction (2).
Given the strong daily uptrend, the Nasdaq-100 index can be expected to rise further to the next resistance level 22000.00 (which stopped earlier waves (B) and (1)).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
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Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.