#Nazdaq #Nas US100

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Analyzing the NASDAQ chart, $18,700 stands out as a key resistance level. We are also observing a divergence in the RSI, which often signals a potential reversal. My analysis suggests that after the price consolidates within the range of $18,570 to $18,700 for several days, we could see a downward movement towards $17,500. Following this decline, I anticipate the start of a new uptrend, targeting $19,250.

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ملاحظة

My previous analysis on the NASDAQ indicated a strong resistance at $18,700; however, the sellers were not as strong as anticipated. The price reacted to the $18,700 level but did not see the expected significant decline. Given this new information, I am updating my analysis to reflect the current market conditions. It appears that the resistance at $18,700 may not be as formidable, suggesting a potential for further upward movement. Traders should monitor this level for continued bullish activity and reassess their positions accordingly.