USNAS100 4H / Uptrend Or Yet...

22 Ağu

Futures edge higher as the prospect of Sept rate cut grows

Nasdaq Technical Analysis
The price still consolidating between 19625 and 20100.

Bullish Scenario:
A correction to 19770 is possible before resuming the bullish trend, in general Stability above 19625 will support a bullish trend to 20100

Bearish Scenario:
A bearish move could unfold if the price breaks below 19,625, confirmed by a 4-hour candle close beneath this level, potentially leading to a drop towards 19,390 and a test of the 19,210 support.
in the short term stability under 19770 will support falling to get 19625

Key Levels:
- Pivot Point: 19780
- Resistance Lines: 20100, 20260, 20470
- Support Lines: 19625, 19390, 19220

Expected Trading Range Today: 192625 to 20100

Trend: Bullish while above 19770