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US100 Bullish Continuation
US100 NASDAQ 1H CURRENCYCOM:
NASDAQ 100 has been heading in a strong bullish trend creating all-time highs month after month. With Biden signing into law the 1 trillion dollar infrastructure bill on Monday, we can expect US100 to create new all-time highs.
Last week US100 price pulled back to the 61.80% Fibonacci retracement around 15900. This created a 3% retracement, the biggest pullback we've seen since early October.
Currently, the price is stuck in a 61.80% Fib Overlap. I'm personally only looking for buys.
Bullish Scenario #1: Pullback + rejection at 16110.
Bullish Scenario #2: Breakout of 16250.
If bullish scenario #1 plays out, then we can use the second scenario for scaling in.
Short Term Target: 16460
Long Term Target: 16750
NASDAQ 100 has been heading in a strong bullish trend creating all-time highs month after month. With Biden signing into law the 1 trillion dollar infrastructure bill on Monday, we can expect US100 to create new all-time highs.
Last week US100 price pulled back to the 61.80% Fibonacci retracement around 15900. This created a 3% retracement, the biggest pullback we've seen since early October.
Currently, the price is stuck in a 61.80% Fib Overlap. I'm personally only looking for buys.
Bullish Scenario #1: Pullback + rejection at 16110.
Bullish Scenario #2: Breakout of 16250.
If bullish scenario #1 plays out, then we can use the second scenario for scaling in.
Short Term Target: 16460
Long Term Target: 16750
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.