Will US100rise in this support area Which was resistance before?
NASDAQ - DAILY TIME FRAME
Between 16 feb - 29 Apr 2021
NAS showed strong resistance which was broken on 15 Jun 2021 where this indices rallied up to 16775.9.
NAS price came back to be supported on this area which was Resistance between FEB & APR 2021,that gave us a hindsight that NAS price will possibly rise again.
Our focus is to see daily time frame to change from bearish profile to bullish profile so we can have assurance whether this support is strong or not.
Between 16 feb - 29 Apr 2021
NAS showed strong resistance which was broken on 15 Jun 2021 where this indices rallied up to 16775.9.
NAS price came back to be supported on this area which was Resistance between FEB & APR 2021,that gave us a hindsight that NAS price will possibly rise again.
Our focus is to see daily time frame to change from bearish profile to bullish profile so we can have assurance whether this support is strong or not.