Nasdaq Reaches New All-Time High with Potential Retest in Sight
Technical Analysis: Price Reaches New All-Time High
Today's Outlook:
The price has breached previous high levels and is trending towards a new all-time high of around 20410. A retest of this level might occur, potentially pushing the price towards 2100.
Bearish Scenario:
For a bearish trend to be confirmed, the price must break below 20100 and stabilize with a 4-hour candle close beneath this level. This could lead to a decline towards 19845 and potentially 19625.
Bullish Scenario:
As long as the price remains above 20100, the bullish trend is likely to continue, targeting 20410. There is also a possibility of a retest down to 20100 before resuming the upward movement.
Key Levels:
- Pivot Line: 20250
- Resistance Levels: 20400, 20530, 20650
- Support Levels: 20100, 19960, 19845
Today's Expected Range:
The price is expected to fluctuate between the support at 19845 and the resistance at 20410, with an overall downward trend anticipated for today.
Today's Outlook:
The price has breached previous high levels and is trending towards a new all-time high of around 20410. A retest of this level might occur, potentially pushing the price towards 2100.
Bearish Scenario:
For a bearish trend to be confirmed, the price must break below 20100 and stabilize with a 4-hour candle close beneath this level. This could lead to a decline towards 19845 and potentially 19625.
Bullish Scenario:
As long as the price remains above 20100, the bullish trend is likely to continue, targeting 20410. There is also a possibility of a retest down to 20100 before resuming the upward movement.
Key Levels:
- Pivot Line: 20250
- Resistance Levels: 20400, 20530, 20650
- Support Levels: 20100, 19960, 19845
Today's Expected Range:
The price is expected to fluctuate between the support at 19845 and the resistance at 20410, with an overall downward trend anticipated for today.
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