Technical analysis

NASDAQ-100 Wave Analysis 17 December, 2020

NASDAQ-100 Wave Analysis 17 December, 2020

• NASDAQ-100 broke resistance level 12660.00

• Likely to rise to 13000.00

NASDAQ-100 recently broke the minor resistance level 12660.00 which stopped the index at the start of December.

The breakout of the resistance level 12660.00 follows the earlier upward reversal from the major support level 12410.00 (former monthly high from November).

NASDAQ-100 is expected rise further toward the next round resistance level 13000.00 (likely price for the completion of the active minor impulse wave (iii)).

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