FX.co ★ Technical Analysis of Daily Price Movement of Nasdaq 100 Index, Thursday March 09 2023.

If we look at the daily chart of Nasdaq 100 Index then there will be a few interesting things:

1. The appearance of deviation between price movement with Stochastic Oscillator indicator.

2. Price movement which still moves above its MA 50.

3. The appearance of Bullish Continuation Descending Broadening Wedge pattern.

Based on those facts in a few days ahead, #NDX has the potential to appraciated upward up to the level 12880,5 particularly if the Bullish Orderblock level 12131,6 able to be a strong support level however if not, then please look at the level 11821,3 because if this level successfully broken downward then all the Bulls scenario that has been described before will become invalid and cancel by itself.

(Disclaimer)