Nasdaq/Bearish Trend Persists: Key Levels and Targets for Today

٢٧ يونيو

Technical Analysis: Price Reversal in Focus

After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.

Today's Outlook:
The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.


Bearish Scenario:
As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.

Bullish Scenario:
For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.

Key Levels:
- Pivot Line: 19840
- Resistance Levels: 19960, 20090, 20150
- Support Levels: 19630, 19525, 19230

Today's Expected Range:
The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.