Nasdaq 100 index Wave Analysis – 10 February 2023

• Nasdaq 100 reversed from resistance level 12845.00

• Likely to fall to support level 12160.00

Nasdaq 100 index recently reversed down from the pivotal resistance level 12845.00, which has been reversing the price from the start of August.

The downward reversal from the resistance level 12845.00 started the active short-term impulse wave (i).

Nasdaq 100 index, EURCAD can be expected to fall further toward the next support level 12160.00 (former strong resistance level from November and December).