Nasdaq -> Massively Bullish Rally
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that nas100 is actually approaching a quite obvious previous weekly structure area which is now acting as resistance at the $15.000 level.
You can also see that over the past couple of weeks, nas100 had a massively bullish rally and we are now a little bit overextended towards the upside, so I am now just waiting for a deeper push into the zone and then I do expect a short term rejection towards the downside.
On the daily timeframe you can also see that we are just rallying towards the upside without any correction, so I am now just waiting for some bearish rejection before I then do expect a short term drop also on the daily timeframe.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that nas100 is actually approaching a quite obvious previous weekly structure area which is now acting as resistance at the $15.000 level.
You can also see that over the past couple of weeks, nas100 had a massively bullish rally and we are now a little bit overextended towards the upside, so I am now just waiting for a deeper push into the zone and then I do expect a short term rejection towards the downside.
On the daily timeframe you can also see that we are just rallying towards the upside without any correction, so I am now just waiting for some bearish rejection before I then do expect a short term drop also on the daily timeframe.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
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