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Trading Signal for NAS100
Our trading signal for NAS100 indicates a potential bullish movement based on the following technical analysis:
- NAS100 has broken through a resistance line of a Triangle pattern
- The signal suggests a possible movement to 20301.8881 within the next 17 hours
- Previous testing of this resistance line adds credibility to the breakout
Technical Indicators Used:
The trading strategy for NAS100 is supported by the following technical indicators:
- Triangle pattern breakout
- Resistance line breach
- Potential target price of 20301.8881
It is advisable to wait for a confirmation of this breakout before taking any action. In case the breakout doesn’t confirm, a retracement back to the previous level may occur.
Correlation with Assets:
NAS100’s movement can correlate with other major indices such as S&P 500 and Dow Jones Industrial Average.
Economic Calendar Events:
Traders should keep an eye on economic calendar events such as GDP releases, FOMC meetings, and job reports as they can significantly impact the movement of NAS100.
Overall, the trading signal for NAS100 points towards a potential bullish movement, but traders should exercise caution and wait for confirmation before entering any positions.
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