Get started
usamaabrar22

Bullish trend continues for NAS on HTF

Long
US 100 Cash CFD (FX:NAS100)  
usamaabrar22  
FX:NAS100   US 100 Cash CFD
Trend Analysis Chart Patterns Technical Indicators
1
0
trendanalysis chartpattern indicator
  • On Weekly timeframe, NAS is in a solid Bullish trend and seems to be forming an ABCD pattern with D point projection at 20500.
    snapshot
  • As per Seasonal bias of NAS, it is bullish 6/9 times in MAR, 7/9 times in APR (current month) and 6/9 times in MAY so we can expect the Bullish trend to continue.

Overall, if we combine Weekly timeframe analysis and Seasonal bias, it looks like NAS will continue the bullish rally till July 2024.

And for now, its making a Retracement and the two levels to watch are 17430 and 16785.

Let's see how it goes.

Follow your Strategy and Risk Management plan, All the best!

~ Usama
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.