NASDAQ (NAS100USD) How to Catch the Trend?

US100 reached a peculiar confluence zone.
We see a perfect match between a major rising trend line and horizontal structure support.

On that, the price is currently trading in sideways and formed a horizontal decision range.

To catch a bullish continuation, wait for a bullish breakout of its resistance (4H candle close above).
Then buy aggressively or on a retest.

Goals:
13300
13867

In case of a bearish breakout of the range, further decline will be explected.

Yorum:

Check my new analysis on EURJPY: