Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $13.500 level.
You can also see that from a weekly perspective, Nas100 is a little bit overextended towards the upside and in my opinion we are ready for a short term correction before we will then see more continuation towards the upside.
On the daily timeframe you can see that Nas100 is currently forming a rising wedge formation which is always considered a reversal sign, so I am now just waiting for some bearish selling pressure before I will then enter a short to capitalize on the next dump towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $13.500 level.
You can also see that from a weekly perspective, Nas100 is a little bit overextended towards the upside and in my opinion we are ready for a short term correction before we will then see more continuation towards the upside.
On the daily timeframe you can see that Nas100 is currently forming a rising wedge formation which is always considered a reversal sign, so I am now just waiting for some bearish selling pressure before I will then enter a short to capitalize on the next dump towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
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Investing.Simplified.
#LONGTERMVISION
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👇🏻Free: SwingTrading-Academy
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.