The NASDAQ 100 is currently showing signs of price consolidation within a bearish trend structure. Selling pressure continues to build as price action remains capped below key resistance levels.
While short-term fluctuations may occur during earnings releases, technical indicators suggest that the bearish bias remains intact unless the price breaks decisively above resistance. Traders should watch for reversal signals around current resistance before considering short positions.
A Price is testing the upper resistance, suggesting that momentum may be losing steam The broader bias remains bearish, with sellers likely to regain control if the resistance holds a potential downside move could target the 6518 level, provided the market confirms rejection from resistance.
You may find more details in the chart.
Trade wisely best of Luck Buddies.
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While short-term fluctuations may occur during earnings releases, technical indicators suggest that the bearish bias remains intact unless the price breaks decisively above resistance. Traders should watch for reversal signals around current resistance before considering short positions.
A Price is testing the upper resistance, suggesting that momentum may be losing steam The broader bias remains bearish, with sellers likely to regain control if the resistance holds a potential downside move could target the 6518 level, provided the market confirms rejection from resistance.
You may find more details in the chart.
Trade wisely best of Luck Buddies.
Ps; Support with like and comments for better analysis Thanks for Supporting.
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.