NASDAQ 100: Index Holds Within Ascending Channel — Upside Moment
The NASDAQ 100 index continues to move within an ascending channel. After testing support around 22,440 and forming a continuation pattern, the price bounced upward and held above the key level of 22,697. The current structure signals potential for short-term growth.
Technical Signals & Formations:
Price remains within an upward channel
EMA supports the bullish trend
An ABC pattern is forming toward the upper channel boundary
The current impulse is gaining strength after exiting the correction
Key Levels:
Support: 22,664; 22,527
Resistance: 22,974 (upper channel boundary), 23,080 (target zone)
Scenario:
Primary: If the index holds above 22,697, a continuation toward 22,974 and 23,080 is likely.
Alternative: A drop below 22,664 may lead to a decline toward 22,527 and the lower channel boundary.
Technical Signals & Formations:
Price remains within an upward channel
EMA supports the bullish trend
An ABC pattern is forming toward the upper channel boundary
The current impulse is gaining strength after exiting the correction
Key Levels:
Support: 22,664; 22,527
Resistance: 22,974 (upper channel boundary), 23,080 (target zone)
Scenario:
Primary: If the index holds above 22,697, a continuation toward 22,974 and 23,080 is likely.
Alternative: A drop below 22,664 may lead to a decline toward 22,527 and the lower channel boundary.
Dagangan ditutup secara manual
Position closed at price 22746
Denolla Finance - your guide to the world of investments!
In today's world of finance and investments, the importance of knowledge and information cannot be overstated. Understanding the basics of financial instruments, strategies and market trends.
In today's world of finance and investments, the importance of knowledge and information cannot be overstated. Understanding the basics of financial instruments, strategies and market trends.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Denolla Finance - your guide to the world of investments!
In today's world of finance and investments, the importance of knowledge and information cannot be overstated. Understanding the basics of financial instruments, strategies and market trends.
In today's world of finance and investments, the importance of knowledge and information cannot be overstated. Understanding the basics of financial instruments, strategies and market trends.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.