Nasdaq 100 approaching support, potential bounce!

Nasdaq 100 index is approaching our first support at 6805.92(horizontal overlap support, 100% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 7030
12 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.

Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.