Technical analysis
Nasdaq-100 index Wave Analysis 12 March 2024
March 12, 2024 @ 18:26 +03:00
![](https://fxpro.news/wp-content/uploads/2024/03/ndx-primary-analysis-mar-12-1608-pm-1-day-1-1024x475.png)
– Nasdaq-100 index reversed from key support level 18000.00
– Likely to rise to resistance level 18400.00
Nasdaq-100 index recently reversed up from the key support level 18000.00 (former strong resistance from February acting as the support after it was broken earlier) coinciding with the 20-day moving average.
The upward reversal from the support level 18000.00 continues the three of the active impulse waves iii, 3 and (3).
Given the predominant daily uptrend, Nasdaq-100 index can be expected to rise further toward the next resistance level 18400.00 (which reversed the index earlier this month).