👋 Interested in how you can make an $1,000 per day with a trusted heavily regulated ⭐⭐⭐⭐⭐ 5-star international broker? Sign up for a free consultation.
Trading Signal: NAS100 Channel Up
An emerging Channel Up pattern has been identified on the 30-minute chart of NAS100, indicating a potential trading opportunity. The pattern suggests a possible move towards 21792.4170 in the next few candles. However, once the price reaches resistance, it may either continue its bearish trend or reverse back to current levels.
Trading Strategy:
- Identify the Channel Up pattern on the 30-minute chart of NAS100
- Consider entering a long position as the price approaches the lower trendline
- Set a stop-loss below the lower trendline to manage risk
- Take profit at the target price of 21792.4170 or adjust based on market conditions
- Monitor price action at resistance for potential reversal signals
Technical Indicators:
- Channel Up pattern: Indicates a bullish trend with higher highs and higher lows
- Resistance levels: Key price levels where selling pressure may increase
- Support levels: Key price levels where buying pressure may increase
Correlation with Assets:
NAS100 may exhibit correlation with other stock indices, such as SPX500 and DJ30, as well as technology stocks like AAPL and MSFT.
Economic Calendar Events:
Traders should be aware of upcoming economic events, such as GDP releases, FOMC meetings, and job reports, which can impact the price of NAS100.
⚠ If you wish to learn how to invest in the right stocks or trade successfully online, you can look into our free daily news about stock market news, crypto market news, commodities news, forex news, and financial markets daily technical analysis and trading signals.
