• Nasdaq 100 reversed from pivotal resistance level 12200.00
• Likely to fall to support level 11600.00
Nasdaq 100 index recently reversed from the pivotal resistance level 12200.00 (previous monthly high from December), intersecting with the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from August.
The downward reversal from the resistance level 12200.00 created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Nasdaq 100 index can be expected to fall further toward the next support level 11600.00 (low of the previous daily Hammer from last week).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies