A trader is analyzing the US100 (Nasdaq 100 Index) using a 4-hour chart on TradingView. The chart displays a clear upward channel, with price action bouncing off the lower boundary and heading toward the upper trendline. A blue arrow indicates a bullish prediction, anticipating further upward movement. Support and resistance zones are highlighted, and the setup suggests a continuation of the bullish trend.
📊 Chart Overview:
Timeframe: 4-hour (H4)
Instrument: US100 (Nasdaq 100 Index)
Platform: TradingView via Capital.com
Date/Time in Chart: 25th August, 10:00 (likely UTC)
---
📈 Trend Analysis:
The price is moving within an upward parallel channel, indicating a strong bullish trend.
The chart shows multiple touches of both the upper and lower bounds of the channel, confirming its validity.
---
🟩 Support and Resistance:
Support Zone: Around 22,850–23,050 (highlighted by the green rectangular box).
Price bounced sharply from this area, showing buyers are defending it.
Resistance Area (Projected): Upper bound of the channel, which aligns with the 24,000 level.
---
🕊️ Current Market Behavior:
The price recently bounced off the lower channel boundary and the key support zone.
A strong bullish candle broke through a mini pullback area, suggesting momentum is favoring buyers.
The blue arrow indicates an expected continuation upward toward the upper resistance line.
---
📌 Technical Implications:
Bullish Bias: As long as price remains inside the channel and above the support zone, the bullish trend is intact.
A retest of the upper channel line (~24,000) is a realistic target if momentum continues.
Invalidation Level: A clean break below the support zone (~22,850) and out of the channel could shift sentiment to bearish.
---
✅ Possible Trade Idea (for Educational Purposes):
Entry: Around 23,400–23,500 (already in motion)
Target: 23,900–24,000 (upper channel line)
Stop-loss: Below 22,850 (beneath the support zone)
📊 Chart Overview:
Timeframe: 4-hour (H4)
Instrument: US100 (Nasdaq 100 Index)
Platform: TradingView via Capital.com
Date/Time in Chart: 25th August, 10:00 (likely UTC)
---
📈 Trend Analysis:
The price is moving within an upward parallel channel, indicating a strong bullish trend.
The chart shows multiple touches of both the upper and lower bounds of the channel, confirming its validity.
---
🟩 Support and Resistance:
Support Zone: Around 22,850–23,050 (highlighted by the green rectangular box).
Price bounced sharply from this area, showing buyers are defending it.
Resistance Area (Projected): Upper bound of the channel, which aligns with the 24,000 level.
---
🕊️ Current Market Behavior:
The price recently bounced off the lower channel boundary and the key support zone.
A strong bullish candle broke through a mini pullback area, suggesting momentum is favoring buyers.
The blue arrow indicates an expected continuation upward toward the upper resistance line.
---
📌 Technical Implications:
Bullish Bias: As long as price remains inside the channel and above the support zone, the bullish trend is intact.
A retest of the upper channel line (~24,000) is a realistic target if momentum continues.
Invalidation Level: A clean break below the support zone (~22,850) and out of the channel could shift sentiment to bearish.
---
✅ Possible Trade Idea (for Educational Purposes):
Entry: Around 23,400–23,500 (already in motion)
Target: 23,900–24,000 (upper channel line)
Stop-loss: Below 22,850 (beneath the support zone)
♦️FREE SIGNAL ♦️
t.me/+OqXMFXc0huM4NTE0
BTCUSD GBPUSD EURUSD AND GOLD Signals
98% accurate signals
4-6 signals daily 💯💯
♦️♦️Join telegram Group
t.me/+OqXMFXc0huM4NTE0
t.me/+OqXMFXc0huM4NTE0
BTCUSD GBPUSD EURUSD AND GOLD Signals
98% accurate signals
4-6 signals daily 💯💯
♦️♦️Join telegram Group
t.me/+OqXMFXc0huM4NTE0
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.
♦️FREE SIGNAL ♦️
t.me/+OqXMFXc0huM4NTE0
BTCUSD GBPUSD EURUSD AND GOLD Signals
98% accurate signals
4-6 signals daily 💯💯
♦️♦️Join telegram Group
t.me/+OqXMFXc0huM4NTE0
t.me/+OqXMFXc0huM4NTE0
BTCUSD GBPUSD EURUSD AND GOLD Signals
98% accurate signals
4-6 signals daily 💯💯
♦️♦️Join telegram Group
t.me/+OqXMFXc0huM4NTE0
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.