SroshMayi

USNAS100 (Short Movement ) retracement

Short
OANDA:NAS100USD   US Nas 100
NASDAQ New Forecast
(Structure: Short)
The price is still retracing towards 18,435 after dropping and stabilizing below the pivot zone, which lies between 18,660 and 18,600.

As long as trading remains below 18,600, the price is expected to drop to 18,435. A subsequent break below 18,420 would signal a continuation of the bearish trend towards 18,250. However, stabilization above 18,435 would indicate a potential bullish trend for the Nasdaq, potentially leading to new record highs.

If the price pushes up from the current level and breaches the pivot line at 18,660, it would support a bullish trend, targeting 18,830 and 19,100.
pivot line: 18600
Resistance Price: 18660, 18880, 19100
Support price: 18435, 18250, 17990

Its range for Today will be between Support 18250 and Resistance 18880

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