NAS100USD has reached the previous highest level.We see that the trendline has made a high possibility of the nasdaq 100 to reach a new high level because the price has gone above the previous high level, and came back to test it.
Now the price is going back up. It is fascinating as to what nasdaq100 will do next and how
other indices will be affected, including Gold and forex...
My opinion on nasdaq100:
1. It has made a different move compared to the previous high levels when they reached this level. Previously when the price reached the horizontal line (the resistance level) price began to push down and create very long spikes.
2. Nasdaq100 will go way too high and spike on that highest trendline. Spike from that level thereby create a new resistance level.
3. And then price will begin to push down strong. This will happen only if there will be a very strong spike meaning an incredible amount of sells pushing the price down.
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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.