NAS100 morning technical analysis
Technical analysis for NAS100.
Very neat how this wedge defines price since 5 August low. Besides the proposed wave (5) up, it has framed and (therefore) provided both support and resistance for price.
The wedge will reach its apex soon, so one side or the other will have to prevail. Failure of price to tag median (red line) of pitchfork suggest return of price to 18297.4 at some point.
Very neat how this wedge defines price since 5 August low. Besides the proposed wave (5) up, it has framed and (therefore) provided both support and resistance for price.
The wedge will reach its apex soon, so one side or the other will have to prevail. Failure of price to tag median (red line) of pitchfork suggest return of price to 18297.4 at some point.
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