Nasdaq Eyes Bearish Correction After 5.6% Weekly Gain

8월 19일

The Nasdaq posted a strong gain of approximately 5.6% last week

Nasdaq Technical Analysis

The Nasdaq is anticipated to undergo a bearish correction today, with price action likely to consolidate between 19,210 and 19,625 until a breakout occurs.

Bullish Scenario:
For a bullish continuation, the price must break above 19,625 and close a 4-hour candle above this level, targeting further gains towards 19,820 and 20,100.

Bearish Scenario:
A downward move could see the price drop towards 19,390 and potentially test the 19,210 support. especially if closed 4h candle below 19525

Key Levels:
- Pivot Point: 19525
- Resistance Levels: 19625, 19830, 20100
- Support Levels: 19390, 19210, 18940

Expected Trading Range Today: 19210 to 19625

Trend: Bearish Correction Towards 19,210

8월 19일

주문취소됨

The direction reversed to the bullish especially if can stabilize above 19625 by closing 4h candle