- Nasdaq-100 reversed from long-term resistance level 22000.00
- Likely to fall to support level 21000.00
Nasdaq-100 index recently reversed down from the major long-term resistance level 22000.00 (which has been steadily reversing the price from the end of last year).
The downward reversal from the resistance level 22000.00 will form the weekly Shooting Star candlesticks reversal pattern if the price closes this week near the current levels.
Given the strength of the resistance level 22000.00 and the overbought weekly Stochastic, Nasdaq-100 index can be expected to fall to the next support level at 21000.00.
- Likely to fall to support level 21000.00
Nasdaq-100 index recently reversed down from the major long-term resistance level 22000.00 (which has been steadily reversing the price from the end of last year).
The downward reversal from the resistance level 22000.00 will form the weekly Shooting Star candlesticks reversal pattern if the price closes this week near the current levels.
Given the strength of the resistance level 22000.00 and the overbought weekly Stochastic, Nasdaq-100 index can be expected to fall to the next support level at 21000.00.
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
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.
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
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.