Nasdaq100 is targeting 16300 ahead of FOMC rate decision
Nasdaq100 is targeting 16300 ahead of FOMC rate decision later today
🔍Technical expectations:
🔹Bulls successfully violated the September 2021 high and for sure Nas100 is extending to 16300.00 psychological level which is also the high timeframe resistance of the rising channel.
🔹More to this, bulls will strongly defend the violated September 2021 high and it will take another big battle for bears to push price down below 15700.00
🔹As price is send to the resistance of the rising channel, we can expect more bearish pressure to the downside which will in turn challenge the September 2021 high at 15700.00 psychological level.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍
Many wishes and trade smart!
🔍Technical expectations:
🔹Bulls successfully violated the September 2021 high and for sure Nas100 is extending to 16300.00 psychological level which is also the high timeframe resistance of the rising channel.
🔹More to this, bulls will strongly defend the violated September 2021 high and it will take another big battle for bears to push price down below 15700.00
🔹As price is send to the resistance of the rising channel, we can expect more bearish pressure to the downside which will in turn challenge the September 2021 high at 15700.00 psychological level.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below👍
Many wishes and trade smart!
