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Trading Signal: NAS100

The 30 Minutes NAS100 chart has shown a strong breakout above the resistance level of 21638.8027. Based on Technical Analysis theory, there is a forecasted movement towards 22059.1699 in the next 2 days.

Trading Strategy:

  • Entry Point: Buy at current market price or on a pullback towards the breached resistance level.
  • Take Profit: Set profit target at 22059.1699.
  • Stop Loss: Place a stop loss below the resistance level to manage risk.

Technical Indicators Used:

The trading signal is supported by the following technical indicators:

  • Breakout above resistance level
  • Strength of the breakout
  • Volume confirmation

Correlation with Assets:

NAS100 tends to correlate with other major indices such as S&P 500 and Dow Jones Industrial Average. Traders can also consider looking at these indices for additional confirmation.

Economic Calendar Events:

Traders should be aware of upcoming economic events that could impact NAS100, such as:

  • US Non-Farm Payrolls
  • Federal Reserve Interest Rate Decisions
  • US GDP Reports

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