The NASDAQ100 INDEX has continued its robust bullish trend, consistent with our earlier analysis.
Presently, as long as the price maintains its position above the Pivot line at 17900, it signals a continuation of the bullish momentum.
In this scenario, we anticipate a correction to the Pivot line at 17900, followed by a resumption of the bullish trend, ultimately aiming for the resistance line at 19100.
Conversely, a sustained presence below 17600, as indicated by the daily candle, would reinforce a corrective downtrend, potentially leading to levels of 17160 and 16550.
pivot line: 18370
Support prices: 17900 & 17610 & 16550
Resistance Prices: 18600 & 18850 & 19100
The expected trading range is anticipated to fall between the support level of 17600 and the resistance level of 18420.
previous idea:
Presently, as long as the price maintains its position above the Pivot line at 17900, it signals a continuation of the bullish momentum.
In this scenario, we anticipate a correction to the Pivot line at 17900, followed by a resumption of the bullish trend, ultimately aiming for the resistance line at 19100.
Conversely, a sustained presence below 17600, as indicated by the daily candle, would reinforce a corrective downtrend, potentially leading to levels of 17160 and 16550.
pivot line: 18370
Support prices: 17900 & 17610 & 16550
Resistance Prices: 18600 & 18850 & 19100
The expected trading range is anticipated to fall between the support level of 17600 and the resistance level of 18420.
previous idea:
הערה:
The price retested to their support line which was 17890 and reversed, same our channel is continuing...
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