NAS100: Bears Overpowering Bulls
Resistance
18021.01
18011.66
Fib .50 level
17952.70
Support
17889.42
17883.67
Profit Target
17798.82
NAS100 rejected from the 18021.01 zone and proceeded to range in the 17952.70 Fibonacci area. Anticipating a push to the downside, breaking the 17883.67 level of the daily low, followed by a retracement to the 17889.42 zone to gain momentum for a further push downwards, aiming for the profit target of 17798.82.
18021.01
18011.66
Fib .50 level
17952.70
Support
17889.42
17883.67
Profit Target
17798.82
NAS100 rejected from the 18021.01 zone and proceeded to range in the 17952.70 Fibonacci area. Anticipating a push to the downside, breaking the 17883.67 level of the daily low, followed by a retracement to the 17889.42 zone to gain momentum for a further push downwards, aiming for the profit target of 17798.82.
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