empty
 
 
28.03.2023 08:13 AM
Technical Analysis of Daily Price Movement Nasdaq 100 Index, Tuesday March 28, 2023.

This image is no longer relevant

On the daily chart, the Nasdaq 100 index shows the emergence of the Rising Wedge pattern where this pattern gives an indication that in the next few days #NDX has the potential to depreciate downwards where this is also confirmed by the condition of the Stochastic Oscillator indicator which is at the Overbought level and getting ready to go down below level 80 based on these facts in the near future #NDX tries to break below level 12645.2 if this level is successfully broken then level 12330.4 will be the main target to aim for and if momentum and volatility are also supportive then it is possible that level 12015.6 will become a target Next, however, what must be paid attention to is if on the way to these levels there is a sudden significant upward correction to pass above the 12960.1 level, then it is certain that the decline scenario described earlier will become invalid and will automatically cancel itself.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback