US Nas 100Corto
NAS100USD / UNDER BEARISH MOMENTUM - 4H
Actualizado
NAS100USD / 4H TIME FRAME
The overall trend is downward , until trading below turning level at 19,105 .
The expectation of a decline when prices remain below 19,105 is based on technical analysis principles, where key support and resistance levels play a crucial role in predicting price movements. When prices fail to break above a resistance level like 19,105, it often indicates a lack of bullish momentum, leading to a potential drop towards the next support level, which is identified as 18,699.
If the price falls below 18,699, this would likely trigger further selling pressure, pushing the price down to 18,351. This is because breaking a key support level often leads to an acceleration of the downward trend as traders and investors react to the breach.
On the other hand, if the price manages to close above 19,105, especially on a 4-hour or 1-hour chart, it suggests a possible shift in market sentiment. This close above resistance would signal that the bulls are regaining control, and the price could then move upward towards the next resistance levels at 19,538 and 19,906. This scenario reflects the importance of monitoring key levels and timeframes to anticipate potential trend reversals.
KEY LEVELS :
The overall trend is downward , until trading below turning level at 19,105 .
The expectation of a decline when prices remain below 19,105 is based on technical analysis principles, where key support and resistance levels play a crucial role in predicting price movements. When prices fail to break above a resistance level like 19,105, it often indicates a lack of bullish momentum, leading to a potential drop towards the next support level, which is identified as 18,699.
If the price falls below 18,699, this would likely trigger further selling pressure, pushing the price down to 18,351. This is because breaking a key support level often leads to an acceleration of the downward trend as traders and investors react to the breach.
On the other hand, if the price manages to close above 19,105, especially on a 4-hour or 1-hour chart, it suggests a possible shift in market sentiment. This close above resistance would signal that the bulls are regaining control, and the price could then move upward towards the next resistance levels at 19,538 and 19,906. This scenario reflects the importance of monitoring key levels and timeframes to anticipate potential trend reversals.
KEY LEVELS :
- TURNING LEVEL : 19,105 .
- RESISTANCE LEVELS : 19,538 , 19,906 .
- SUPPORT LEVELS : 18,699 , 18,351 .
Operación activa
as mentioned and drawing in the chart , prices retest turning level + 230 pip profit , currently prices trading below turning level refers direction decline to reach support level , but if the prices breaking and remain above turning level expected to rising towards reach of the resistance level .
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