NASDAQ-100 Wave Analysis 20 January, 2021

• NASDAQ-100 broke resistance level 13130.00

• Likely to rise to 13500.00

NASDAQ-100 recently broke above the resistance level 13130.00 (which formed the daily reversal pattern Bearish Engulfing at the start of January).

The breakout of the resistance level 13130.00 should accelerate the active impulse waves (v) and 3.

NASDAQ-100 is expected to rise further toward the next resistance level 13500.00 (target price for the completion of the active (v) and 3 – intersecting with the up channel from November).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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