After reaching an all-time high in mid-December last year, the NAS100 began a correction characterized by choppy price action.
This Monday, the index formed a local low, aligning closely with the previous all-time high. Since then, NAS100 has rebounded strongly.
Currently, the index is testing the falling trendline originating from the mid-December high.
A breakout above this trendline could indicate that the correction has ended, paving the way for new highs and potentially a fresh all-time high in the first quarter of 2025.
I remain bullish on NASDAQ as long as Monday's low holds as a key support level.
This Monday, the index formed a local low, aligning closely with the previous all-time high. Since then, NAS100 has rebounded strongly.
Currently, the index is testing the falling trendline originating from the mid-December high.
A breakout above this trendline could indicate that the correction has ended, paving the way for new highs and potentially a fresh all-time high in the first quarter of 2025.
I remain bullish on NASDAQ as long as Monday's low holds as a key support level.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.