FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday June 13 2024.

With the appearance of deviations between price movements and the Stochastic Oscillator indicator and the appearance of the Bearish Y Wave Ichimoku Projection Wave pattern, in the near future the Nasdaq 100 index on its 4-hour chart has the potential to weaken down to level 19220.3. If this level is successfully broken downwards then #NDX has the potential to continue its weakening up to level 18903.9 as the main target and if the momentum and volatility are supportive then level 18455.8 will be the next target to be aimed at, but if on its way to these targets the level suddenly strengthens until it breaks above level 19566.0 then all the weakening scenarios that have been described will become invalid and automatically cancel itself.

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