Description:
The NASDAQ 100 (NAS100) has formed a symmetrical triangle on the 15-minute timeframe, indicating a consolidation phase after a 5.4% drop. The price is near the triangle's apex, suggesting that a significant directional move is imminent. Here are the key levels and possible scenarios:
Bullish Scenario:
Entry: Breakout above 18,500 on volume.
Target: 19,710.8 (138% Fibonacci).
Stop Loss: 17,800.
R/R: 1:2.
Bearish Scenario:
Entry: Breakout below 17,800 on volume.
Target: 17,341.3 (138% Fibonacci).
Stop Loss: 18,300.
R/R: 1:1.5.
Key Levels:
Resistance: 19,710.8.
Support: 17,341.3.
Intermediate Zones: 18,500 (resistance) and 17,500 (support).
Considerations:
Monitor volume during the breakout to confirm the breakout.
Review macroeconomic events (interest rates, inflation data) and tech company earnings, as the NASDAQ is sensitive to these factors.
Technology market sentiment will be key in determining the direction.
Warning: Trade at your own risk and ensure you have an appropriate risk management plan. Share your opinion in the comments!
Tags: #NASDAQ #NAS100 #SymmetricTriangle #Breakout #TechnicalAnalysis
The NASDAQ 100 (NAS100) has formed a symmetrical triangle on the 15-minute timeframe, indicating a consolidation phase after a 5.4% drop. The price is near the triangle's apex, suggesting that a significant directional move is imminent. Here are the key levels and possible scenarios:
Bullish Scenario:
Entry: Breakout above 18,500 on volume.
Target: 19,710.8 (138% Fibonacci).
Stop Loss: 17,800.
R/R: 1:2.
Bearish Scenario:
Entry: Breakout below 17,800 on volume.
Target: 17,341.3 (138% Fibonacci).
Stop Loss: 18,300.
R/R: 1:1.5.
Key Levels:
Resistance: 19,710.8.
Support: 17,341.3.
Intermediate Zones: 18,500 (resistance) and 17,500 (support).
Considerations:
Monitor volume during the breakout to confirm the breakout.
Review macroeconomic events (interest rates, inflation data) and tech company earnings, as the NASDAQ is sensitive to these factors.
Technology market sentiment will be key in determining the direction.
Warning: Trade at your own risk and ensure you have an appropriate risk management plan. Share your opinion in the comments!
Tags: #NASDAQ #NAS100 #SymmetricTriangle #Breakout #TechnicalAnalysis
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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.