Nasdaq 100 is on the long run to test the major resistant zone again after its bullish break out from the regression channel. And it has been cleanly rejected twice at the same level with 200 SMA which also corresponded to the 61.8 fib level. Looking at the current up trend towards the resistant level, the trend has bounced up the the support line twice, first at 13863.75 and the second one at 14499.50 and there is every tendency that the third retest will be at 14779.00 bottom of the line before an impulse move to the resistant zone. At this point, we are expecting a massive bearing move to the first TP point @14499.50, and then the next fib level 61.8 which 14287.50..
Please be warned, this is not a financial advise, if you must take this, wait for clear confirmation before entry. Like, share and leave a review.
Please be warned, this is not a financial advise, if you must take this, wait for clear confirmation before entry. Like, share and leave a review.