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USNAS100 - Faces Bearish Pressure Despite Potential Short-Term C

OANDA:NAS100USD   US Nas 100
Yesterday, the USNAS100 index experienced a strong negative attack, resulting in significant losses and reaching the support level of 18550, then reversed to stabilize above 18610.

Currently, the price is trying to make a correction up to the resistance of 18715. After reaching 18715, the price should fall below 18610 to continue the downtrend towards 18550 and 18405.

Beware, the strong decline will commence once the price stabilizes below 18550. Additionally, to reach the resistance of 18900, the price must stabilize above 18715, as confirmed by closing a 4-hour candle above this level.

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