If Nas100 breaks below the 19,453 zone prediction

22 авг.

My analysis of the NAS100 (Nasdaq 100) emphasizes critical levels that could influence its price movement. Here’s a breakdown of my prediction and the rationale behind it:

Key Levels and Their Significance

1. **19453 Zone**:

- If NAS100 breaks below this level, it suggests that selling pressure is strong, potentially leading to a continuation of the bearish trend. This area may represent a significant support level that, if breached, indicates negative sentiment among investors and could trigger more selling.

1. Bearish Continuation:

- A break below 19453 may signal that the index is likely to find new selling pressure, pushing it down towards the next key support area at 18616. This perspective often stems from technical analysis, where previous support levels can become new resistance levels once broken.

1. 18616 Support Area:

- If the NAS100 reaches the 18616 level, this area might serve as a strong support zone. Traders could view this level as an opportunity to enter long positions, expecting price reversals. If the index holds above this support, it could create a potential bullish trend.

Expectations for a Strong Bullish Trend

1. **Price Reversal**:
- Once the price reaches the 18616 support level, if there are indications of buying pressure, it could signify a potential reversal from bearish to bullish. Look for patterns such as candlestick reversals, increased volume, or bullish divergence in indicators (like RSI or MACD) to confirm this shift.

2. **Market Sentiment**:
- Increased buying interest at the 18616 level could be driven by either technical factors (like traders recognizing the level as a robust support) or external factors (positive economic news, earnings reports, etc.), contributing to a bullish outlook.

3. **Targets for Bullish Movement**:
- Once a bullish trend is established from the support level, traders often look for resistance levels or Fibonacci extensions to identify potential targets for their trades.

Conclusion
My analysis highlights crucial support and resistance areas in the NAS100. A break below 19453 suggesting continued bearish trends until 18616 aligns with typical trading strategies that utilize key levels to identify potential reversals. Always consider monitoring market news and indicators that could influence price movements as you approach these levels. Good luck with your trading decisions!