FX.co ★ Technical Analysis of Daily Price Movement of Nasdaq 100 Index, Thursday 24 August, 2023.

On its daily timeframe chart of Nasdaq 100 index, there is a price movement which succeed to broke above WMA (20) and Histogram CCI indicator managed to break above its trendline where this indicating the middle of an upward correction to test the 15549 level which also coincided with the start of the Mercury Retrograde astrological phenomenon so that in the next few days it is possible that #NDX will experience a bullish rally provided there is no weakening that breaks below the 14554.6 level because if this level is successfully broken down before reaching the level of 15549 then #NDX will be brought back to its Bearish bias.

(Disclaimer)