Categories: Technical analysis

Nasdaq 100 Wave Analysis – 22 March, 2022

• Nasdaq 100 broke resistance level 14400.00
• Likely to rise to resistance level 15000.00

Nasdaq 100 index recently broke the resistance level 14400.00 (top of wave 4) and the 61.8% Fibonacci correction of the downward impulse (C) from February.

The breakout of the resistance level 14400.00 accelerated the active short-term impulse wave 1.

Nasdaq 100 index can be expected to rise further toward the next round resistance level 15000.00.

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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The FxPro Tech Analysis Team
Tags: nasdaq100

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