NASDAQ / Reached their resistance, Now Downside!

6 באוג׳ 2024

Nasdaq Technical Analysis:

The price reversed and reached their resistance which is 18420 and now should stabilize above 18435 to be bullish trend

Next Outlook:
The price still has a bearish trend toward 17875 and 17360 as long as trades under 18140

Bullish Scenario:
The price should reverse to above 18145 and close 4h candle above it to get 18435 and above it will be 18930

Bearish Scenario:
As long as the price trades below 18145 will drop to touch 17870 and 17400

Key Levels:
- Pivot Line: 18140
- Resistance Levels: 18270, 18430, 18625
- Support Levels: 17870, 17650, 17360

Today's Expected Range:
The price is anticipated to fluctuate between the support at 17360 and the resistance at 18430.

previous idea: