NAS100 is Bullish

19 nov

Bulls are in control of the price action, as on macro level the trend is bullish, printing higher highs and higher lows. Price went down for a retracement and has once again respected the ascending trendline, moreover a bullish divergence also appeared on four hourly time frame, indicating strong grip of bulls. If previous lower high is broken then we can expect a bullish reversal to new high. Targets are mentioned on the chart.