Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that nas100 just recently perfectly broke above, retested and already rejected a quite obvious weekly structure area exactly at the
12
,000 area.
You can also see that we are approaching another weekly resistance area at the
13
,200 level, you can also see that nas100 just had a pump of about 15% towards the upside over the past couple of weeks, so I simply do expect a short term correction back to the
12
,800 area and then a next impulse towards the upside from there.
On the daily timeframe you can see that nas100 has been trading in a range over the past couple of days, I am also now just waiting for a deep retest of the next daily support zone at the
12
,800 area and then there is a very high chance that we will also see more daily continuation towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that nas100 just recently perfectly broke above, retested and already rejected a quite obvious weekly structure area exactly at the
12
,000 area. You can also see that we are approaching another weekly resistance area at the
13
,200 level, you can also see that nas100 just had a pump of about 15% towards the upside over the past couple of weeks, so I simply do expect a short term correction back to the
12
,800 area and then a next impulse towards the upside from there. On the daily timeframe you can see that nas100 has been trading in a range over the past couple of days, I am also now just waiting for a deep retest of the next daily support zone at the
12
,800 area and then there is a very high chance that we will also see more daily continuation towards the upside from there. Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
