👋 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 Signals: NAS100 Triangle Pattern Breakout
The NAS100 is currently showing a potential breakout from a Triangle pattern as it moves towards the resistance line. This pattern has been tested multiple times in the past, making the upcoming test crucial for traders.
Technical Indicators:
- The Relative Strength Index (RSI) is showing overbought conditions, indicating a possible reversal.
- The Moving Average Convergence Divergence (MACD) is trending upwards, suggesting bullish momentum.
- The Bollinger Bands are narrowing, signaling a potential breakout.
Correlated Assets:
The movement of the NAS100 can correlate with the performance of other major stock indices such as the S&P 500 and the Dow Jones Industrial Average.
Economic Calendar Events:
Traders should keep an eye on upcoming economic events such as the release of GDP data, Non-Farm Payrolls, and Federal Reserve announcements, as these can have a significant impact on the 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.
