Technical Analysis of Daily Price Movement of Nasdaq 100 Index, Thursday October 19, 2023.
October 19, 2023 5:26 am
After a few days ago, Nasdaq 100 index hold on to the level area of Bearish Fair Value Gap and failed to break above that level area which act fair enough as level area Resistance, currently #NDX has the potential to weaken again up to the level area 14428,6 – 14254,6 where it is confirmed by the price movement which has managed to break below WMA 30 shif 20 and CCI indicator that has been hold twice on the level area of 100-0, but the weakness scenario can be cancel itself if Silver suddenly corrected above until it breaks above the level of 15640,6.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
After a few days ago, Nasdaq 100 index hold on to the level area of Bearish Fair Value Gap and failed to break above that level area which act fair enough as level area Resistance, currently #NDX has the potential to weaken again up to the level area 14428,6 – 14254,6 where it is confirmed by the price movement which has managed to break below WMA 30 shif 20 and CCI indicator that has been hold twice on the level area of 100-0, but the weakness scenario can be cancel itself if Silver suddenly corrected above until it breaks above the level of 15640,6.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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