Hello Everyone.
Today, I would like to provide you with a analysis on the daily timeframe. Currently, Nasdaq has encountered a significant area of resistance at 15658. While the overall market sentiment remains bullish, it is important to note that a potential pullback might occur before any further upward movements. This could lead to a consolidation phase in the current price region, followed by a potential decline towards the levels of 14832-14493, before resuming its upward trajectory.
In addition, it is worth considering that there is a possibility for the price to extend its upward momentum and reach levels such as 15923, 16154, or even the next strong resistance at 16386 before the pullback. To visually illustrate these potential scenarios, I have created a pattern that outlines the possible price movements.
Let us closely observe how these dynamics unfold and eagerly await the outcome.
Today, I would like to provide you with a analysis on the daily timeframe. Currently, Nasdaq has encountered a significant area of resistance at 15658. While the overall market sentiment remains bullish, it is important to note that a potential pullback might occur before any further upward movements. This could lead to a consolidation phase in the current price region, followed by a potential decline towards the levels of 14832-14493, before resuming its upward trajectory.
In addition, it is worth considering that there is a possibility for the price to extend its upward momentum and reach levels such as 15923, 16154, or even the next strong resistance at 16386 before the pullback. To visually illustrate these potential scenarios, I have created a pattern that outlines the possible price movements.
Let us closely observe how these dynamics unfold and eagerly await the outcome.