The market reached the top, what's next?
We have a strong resistance level at 7700.00 which could stop and reverse the market in the past.
The price action in this zone will show us further market movements.
As usual, we have two possible variants which can be interesting for us.
If the price breaks this resistance, the market will be able to move high and...
W1 cycle,The early high resistance is very strong,
Short - term prices appear large probability of a pullback.
Investors can consider shorting near 7670,
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As we can see the Nasdaq broke through the all-time highs at 7702.50 this session.
But will price break highs or bounce?
Looking at the price currently, we are seeing a rejection of the all-time highs.
If the daily candle closes bearish, we could see downside to the previous highs at 7509.20.
A break and close above the all-time highs could see significant upside.
NAS100 is reaching again 7700 resistance where it had a duble touch on september and october 2018. 2019 forecast and possible deception with China comercial agreement play against breaking this resistance so a short position could be profitable.OANDA:NAS100USD
Huge break after $DIS revealed their Disney+ platform today.
Price is looking solid for a re-test and continuation after hitting our Fib Extension.
Looking for midterm targets of $150 for $DIS after a successful re-test of our highs.
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The price bounced from the support zone formed by SMA100 and 7300.00 level. The breakout above the signal line confirmed the strength of buyers. The market moved upward and gave us two trading opportunities based on the reversal and the breakout signals.
RSI confirmed the price reversal, and now it supports the buyers. MACD lines and histogram confirm the upward...
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