NAS100USD ( BETWEEN SUPPLY ZONE AND DEMAND ZONE ) ( 4H )

8 ago

NAS100USD

HELLO TRADERS

price of nas100usd trading nearby support trendline , currently price above demand zone and below supply zone , breaking down each of these determine the direction of the market .

• Tendency, the price inside sensitive are between supply and demand zone
  
  
• Upward Zone : until the price trading demand zone at 17,772 , price rising to reach a resistance level (1) at 18,342 , to ensure rise the price should be breaking supply zone by closing 4h candle above it to reach resistance level (2) 18,696 , then to 19,552 .
  
  
• Downward Zone: as long as the price trading below supply zone , starting to fall to reach support level (1) at17,772 , the by closing 4h or 1h candle below it reach to next level around 17,270 , to confirm decline price must be breaking the demand zone for a support zone between 16,985 and 16,649 .
  

TARGET LEVEL :

• RESISTANCE LEVEL : 18,342 , 19,552 .
  
• SUPPORT LEVEL : 17,772 , 17,270$ , 16,985 ,16,649 ( support zone ) .
  

8 ago

Trade attivo

active upward zone

9 ago

Trade attivo

until the price remain supply zone we can see a resistance level (1) at 18,342 , then by closing 4h candle above it indicates to reach resistance level (2) at 19,552 , if the price breaking supply zone directly toward dropping to reach demand zone .

12 ago

Trade attivo

currently the price trading and remain resistance level (1) , indicates to reaching of a resistance level (2) at 18,696 .

13 ago

Trade attivo

14 ago

Trade attivo

Yesterday, the price reached our target with an increase of +450 pips. Today, due to the upcoming U.S. inflation report, it is expected that the NASDAQ price might drop towards the 18,695 zone and further down to 18,320. However, if the price stabilizes and a four-hour candle closes above 19,085, the price is likely to rise toward 19,552 or even higher.