Nasdaq 100 IndexShort
NASDAQ short move
In the four-hour chart of NASDAQ, the market is currently exhibiting a bearish momentum or downtrend. However, it is expected that the price will encounter the first support and then continue the recent downward move.
Key levels:
The first support level in the market is at 1712.84, where there is a likelihood of buyers entering around this price level. The second support level is at 16727.67, which aligns well with a 61.8% Fibonacci retracement correction.
The first resistance level for NASDAQ is at 17592.97 , which can potentially limit upward movements. The second resistance level is positioned at 17800.00.
Key levels:
The first support level in the market is at 1712.84, where there is a likelihood of buyers entering around this price level. The second support level is at 16727.67, which aligns well with a 61.8% Fibonacci retracement correction.
The first resistance level for NASDAQ is at 17592.97 , which can potentially limit upward movements. The second resistance level is positioned at 17800.00.
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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.
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.