Financial data analysis graph showing stock market trends on a trading board. Horizontal composition with copy space and selective focus.
• Nasdaq 100 reversed from support level 12815.00
• Likely to test resistance level 13600.00
Nasdaq 100 index previously reversed up from the key support level 12815.00 (low of the Morning Star from January), intersecting with the lower daily Bollinger Band and the 50-day moving average.
The upward reversal from the support level 12815.00 created the daily candlestick reversal pattern Bullish Engulfing – which started the active impulse wave (5).
Nasdaq 100 index can be expected to rise further toward the next resistance level 13600.00 (top of the pervious impulse wave (3) from January).
- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…
- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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