USTECH100MINICFD trade ideas
Nasdsq 100, end of day,08.02.2023publishing herewith my EOD analysis of the Nasdaq 100
index got the support of a trendline beneath it and continued to follow the pattern
index opened above the body of a previous day dozi many times it also acts as support, in most of cases it tries to reach the other end of a dozi and then tries to break it,if, successful gives an extremely fast move
Price lines worked perfectly, green for day and yellow for 4 hours,
NASDAQ Trend AnalysisNASDAQ has given a breakout of trend line and is working in a channel. The same pattern is repeated twice in the channel where the support is taken from the current support line.
I am very positive about the NASDAQ, in worst case scenario it will retest the trend line levels and then rally.
This post can be understood by once having basic knowledge of how to read the support and resistance.
Us100 cfd short entry will give below 11950 targets 11450-11250Nasdaq index made high 12248.5. C LEG projection at 1.618 =12335.if it is not able to break the level of 12248 then its must take the correction wave. up to 11450-11250 level.if we take the previous chart of nasdaq every higher level got the selling presure. let us see ...