Nasdaq-100 index recently reversed down from the major resistance level 20600.00 (which stopped the previous sharp upward impulse wave (A) at the start of July), strengthened by the upper daily Bollinger Band.
The downward reversal from the resistance level 20600.00 created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the strength of the resistance level 20600.00 and the triple bearish divergence on the daily Stochastic indicator, the Nasdaq-100 index can be expected to fall further to the next round support level 20000.00 (which stopped the earlier wave ii).
- 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…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies