Nas100 is more likely to rise

3 may 2022

Nas100 seems like it is creating a demand zone at around 12700 and 12800. Price bounced up two times at this zone creating what seems like a double bottom. Around 13200 is a trendline that falls from April 2022. If bulls succeed to break above the trendline, we can expect a change in trend. For best entries in case of a breakout, will wait for a solid retest at the trendline after the breakout with proper bullish confirmation for long position.

Targets

1339
1415

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