US Nas 100
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USNAS100USD| Before Decline, Correction To Around 19880

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After a sharp uptrend, the NAS has broken above 19,565, a critical level.

Currently, the price is undergoing a corrective phase toward 19,565. If this level supports the price following the correction, it is expected to rise and reach the resistance at 19,890 before declining to break below 19,565. Further downward movement may lead the price to 19,235 and eventually to 18,970.

Bearish target: 19565, 19235, 18670.
Bullish target: 19880, 20300, 20545.



Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts.
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The price has reached the resistance level of 19,885. From this point, it is expected to decline in order to validate our bearish scenario. However, if a 4-hour candle closes above this level, it will indicate the first step towards a bullish movement.

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