The strong move down yesterday has lead to consolidation. At the moment I am indifferent as to where the market will move. A break above 11800 could lead us back to 12400 and then come back down or continue further to 12800. A break below the consolidation box (11500) will most certainly lead to the bears target of 11274. If you go back on NAS100 and observe how...
I would really appreciate it if anyone who sees this analysis goes back to look at my previous analysis which worked almost perfectly. Price broke consolidation which triggered bullish momentum to 12400. Price hasn't broken past 12450 which in my opinion could mean a retest at support (12130). Next target for the bulls is 12800 which I expect could be hit this...
Consolidation - this could lead to a retest at 12120 area, a break out here will most likely fuel bullish momentum to target of 12400 - 12450 area. Failed retest of 12120 area could lead to continuation of consolidation or to further downside.
I think Apples quarterly earnings report might lead to more upside however, fear regarding the corona virus could push NAS100 further down. OANDA:NAS100USD
I think Apples quarterly earnings report might lead to more upside however, fear regarding the corona virus could push NAS100 further down.