On Monday, the Nasdaq index declined by 1.7%, following an announcement made on Saturday by former U.S. President Donald Trump. He declared the imposition of tariffs of 25% on Canada and Mexico and 10% on China.
Technical Analysis:
The price is currently trading below the 21,180 support level. If it remains below this level, further downward movement is expected, potentially reaching 20,880. If the price breaks below 20,880, it may extend its decline toward 20,540.
However, if the price rebounds and breaks above the 21,180 resistance level, an upward movement may occur, pushing the price towards the strong resistance zones of 21,415 and 21,615.
Tendency Keys: 21,180
Resistance Line: 21,180, 21,415, 21,615.
Support Line: 20,880, 20,540, 20,190