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NASDAQ (NAS100USD) How to Catch the Trend?

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US100 reached a peculiar confluence zone.
We see a perfect match between a major rising trend line and horizontal structure support.

On that, the price is currently trading in sideways and formed a horizontal decision range.

To catch a bullish continuation, wait for a bullish breakout of its resistance (4H candle close above).
Then buy aggressively or on a retest.

Goals:
13300
13867

In case of a bearish breakout of the range, further decline will be explected.
Note
Check my new analysis on EURJPY:
EURJPY: Sideways Market & Consolidation
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Chart PatternsS&P 500 E-Mini Futuresfundamental-analysisfuturesindexesNASDAQ 100 CFDnasdaqnasdaq100NASDAQ 100 E-MINI FUTURESS&P 500 (SPX500)Trend AnalysisWave Analysis
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

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.