Nasdaq will bounce off one last time here on this support formed
Market Instrument: US100
Timeframe: Daily
Analysis: Technical
Structure: Channel Breakout, Support, and Pullback
Prediction: Bullish
The price of US100 has reached the first support we were looking at on the chart. Where I believe we might see one last time pull back to the upside and to find the resistance formed on close to 15700k. Following the price action recently printed it seems price is willing to respect this area for a while as support and this can be very helpful for a reversal and a pull back to form on the following bearish trend.
Timeframe: Daily
Analysis: Technical
Structure: Channel Breakout, Support, and Pullback
Prediction: Bullish
The price of US100 has reached the first support we were looking at on the chart. Where I believe we might see one last time pull back to the upside and to find the resistance formed on close to 15700k. Following the price action recently printed it seems price is willing to respect this area for a while as support and this can be very helpful for a reversal and a pull back to form on the following bearish trend.