Two weeks ago, I mentioned the possibility of a significant correction for 
NAS100, suggesting that the index could drop to as low as the 16k zone. As always, navigating uncharted territories, particularly at all-time highs (ATHs), presents challenges in determining price levels and timing trades. However, I now have a reference point, which is yesterday's high.
From a technical perspective, as I've mentioned previously, we're observing a rising wedge pattern, typically indicative of a reversal, coupled with indicators showing divergence.
In conclusion, in my opinion, we have reached a peak for now, andNAS100 is likely to enter a correction phase.
NAS100, suggesting that the index could drop to as low as the 16k zone. As always, navigating uncharted territories, particularly at all-time highs (ATHs), presents challenges in determining price levels and timing trades. However, I now have a reference point, which is yesterday's high.From a technical perspective, as I've mentioned previously, we're observing a rising wedge pattern, typically indicative of a reversal, coupled with indicators showing divergence.
In conclusion, in my opinion, we have reached a peak for now, and
NAS100 is likely to enter a correction phase.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.