NAZDAQ - Weekly Forecast - Technical Analysis & Trading IdeasNASDAQ:NDX IG:NASDAQ
Midterm forecast:
20796.85 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:
A peak is formed in daily chart at 22254.20 on 02/18/2025, so more losses to support(s) 19337.48, 18815.60, 18313.47 and more depths is expected.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (20554.38 to 20796.85).
We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (20554.38)
Ending of entry zone (20796.85)
Take Profits:
19901.88
19337.48
18815.60
18313.47
17841.19
16988.69
16247.08
__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . . . . Hit the 'BOOST' button 👍
. . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)
🙏 Your support is appreciated!
Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
