Nasdaq-100 Wave Analysis – 5 February 2025
- Nasdaq-100 reversed from pivotal support level 20800.00
- Likely to rise to resistance level 21800.00
Nasdaq-100 index previously reversed up from strongly the pivotal support level 20800.00, which has been steadily reversing the price from the end of December.
The support level 20800.00 was further strengthened by the lower daily Bollinger Band, support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse from October.
Given the clear daily uptrend, Nasdaq-100 index can be expected to rise to the next resistance level 21800.00 (top of the previous waves B and 1).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
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Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.