Technical analysis

Nasdaq 100 index Wave Analysis – 25 May 2023

• Nasdaq 100 index broke key resistance level 13900.00

• Likely to rise to resistance level 14500,00

Nasdaq 100 index under the bullish pressure after the earlier breakout of the key resistance level 13900.00 (top of wave (iii) from the middle of month).

The breakout of the resistance level 13900.00 accelerated the active minor impulse wave , which belongs to the intermediate impulse wave (3) from March.

Nasdaq 100 can be expected to rise toward the next resistance level 14500,00 (coinciding with the resistance trendline of the daily up channel from March).

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