USTEC: Likely continuation following pullback

Aug 4

NAS100 climbed a steep uptrend and my expectation is for a continuation as marked on my chart, with an upside target at around 24,300.

This area here is where it can become a decision point, either price finds support and bounces, or it breaks below, and that’s when we might see the move start to extend lower.
If I were to take a side here, I would definitely choose more upside, but again only price action should determine next move.
But if price breaks below the trendline with conviction, it would invalidate the bullish scenario, suggesting that the uptrend may pause or could even reverse short-term.


Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Aug 5

Trade active

Aug 18

Trade closed: target reached

It reached 24,000, and I think it will continue from here again to target