ElenaMayi

USNAS100 Consolidation zone

Short
OANDA:NAS100USD   US Nas 100
USNAS100

NEW forecast

The Nasdaq index is trading in the same position, which is located between the resistance of 18230 and the support of 18040, until it breaks one level.

The price is now trading in a consolidation area; it looks like it will drop to the 18040 level. If he manages to break this level, we will have a bearish trend until 17790.

Regarding the uptrend, if the price reverses and stabilizes above 18220, a bullish trend will begin.

Pivot level:18040
Tendency: downtrend
Entry Price: 18127

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