US Nas 100Short
NASDAQ Analysis: Bearish Momentum Targets Key Support Levels
USNAS100 Technical Analysis
The price has dropped by approximately 500 pips and continues to move toward 20,990 while remaining below 21,215.
As long as the price trades below 21,215 and 21,160, it is expected to target 20,990 and 20,860. A retest of 21,215 is possible before resuming the bearish trend.
A bullish reversal will be confirmed only if a 4-hour candle closes above 21,220.
Key Levels:
Pivot Point: 21145
Resistance Levels: 21280, 21390, 21535
Support Levels: 20990, 20860, 20670
Trend Outlook:
Bearish while below 21215
The price has dropped by approximately 500 pips and continues to move toward 20,990 while remaining below 21,215.
As long as the price trades below 21,215 and 21,160, it is expected to target 20,990 and 20,860. A retest of 21,215 is possible before resuming the bearish trend.
A bullish reversal will be confirmed only if a 4-hour candle closes above 21,220.
Key Levels:
Pivot Point: 21145
Resistance Levels: 21280, 21390, 21535
Support Levels: 20990, 20860, 20670
Trend Outlook:
Bearish while below 21215
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~6 analyses per day. With a clear entry point
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