derrickloza123

nas 100 going up to 14250 area soon

OANDA:NAS100USD   US Nas 100
Nas was at its peak16500 then needed to cool off to continue going higher than what it was because its a forever appreciating asset. So its been bouncing off the 14000 level of demand/ support the lowest its gone in the past year 2022 is 13000. In the monthly timeframe it did break a downtrend with an equal dojo bullish sign to follow it.weekly we still go that weekly downtrend break. Price beat it last high on the weekly time frame than burned out and got exhausted. The weekly downtrend has a bullish engulfing at the trend line break on weekly time frame. Did the fib on the bottom to the top of the breakout out to the upside price is 61.8 fib range on thew weekly time frame as well.While price is currently at the trend line break area which was supply or top (resistance zone) because price isn't breaking below the 14000
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