Nasdaq 100 Technical view

2023년 6월 11일

Hi friends sharing weekly Chart of Nasdaq 100 as we can see according to this provided chart that after a breakout of horizontal trendline it is trading above that resistance with bullish RSI divergences with lower highs so i find out some price action based ideas sharing below.


Idea 1- it will take a resistance near about 14880 levels and came down for a breakout retest and again will go up to recent swing highs or more.


Idea 2- In the process of idea 1 it will not get a bounce from breakout retest zone and break that support and will go down more to the next
mentioned support 2.


Idea 3- none of above mentioned idea will work and it will breach the resistance 1 directly and can go to resistance 2 or resistance 3.


RSI indicating that it is having bullish strength although it is tilting now from the top so in this case the probability of breakout retest increases the likelihood.


One can check and act accordingly to their setups and Timeframes.


KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk.




Regards-: Amit (AR)

2023년 6월 12일

노트

As a trader nothing never been happier when a scrip marching towards resistance or support just like this

2023년 6월 13일

노트

Try to go up from mentioned resistance, let's wait for a breakout or pullback.
will use smaller time frame now for quick actions.

2023년 6월 27일

노트

nice lpr

2023년 7월 17일

노트

Reached to resistance 2 trying to close above let's wait for it, Nice runup so far

2023년 7월 26일

노트

Once again stucked on resistance 2 later it was broken so until it breaks again we will not get further momentum

2023년 7월 30일

노트

Got a first weekly close above resistance two since publishing this idea, hope we can see very soon it will touch to resistance three