Nasdaq-100: ⬆️ Buy
- Nasdaq-100 reversed from support zone
- Likely to rise to resistance level 25455.00
Nasdaq-100 index recently reversed from the support zone between the multi-month support level 24270.00 (which has been reversing the price from September), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.
The upward reversal from this support zone stopped the earlier short-term correction 2 of the higher order impulse wave (3) from February.
Given the clear daily downtrend, Nasdaq-100 index can be expected to rise to the next resistance level 25455.00 (top of the earlier wave 1).
, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.){kind=link}