FX.co ★ Technical Analysis of Weekly Price Movement of Nasdaq 100 Index, Friday February 17 2023.

If we pay attention on the weekly chart of Nasdaq 100 index, then we can see this few things:

1. Sidewinder (SI) indicator in green which means trending and volatile once.

2. Chopzone (CZ) indicator in cyan blue which means NDX100 condition on the weekly chart is Bullish.

3. Zero Line (ZL) Indicator in green which indicates price is above its LSMA 25-(Bull).

4. Bullish 123 pattern appearance followed by Ross Hook (RH).

Then according to 4 facts above, Nasdaq 100 index on its weekly chart is on healthy Bullish condition so in a few days ahead has the potential to appreciated up to the level 13720,91 as the first target and 15265,42 as the second target if it manages to break above its Ross Hook on the level 11906,11. But pay attention that if on its way to the described targets before suddenly NDX100 corrected down to the level 10440,64 then all of the Bull scenarios that has been explained before will be invalid and cancel by itself.

(Disclaimer)