FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday March 06, 2025.

With the appearance of Divergence on the 4-hour chart of the Nasdaq 100 index, as well as its price movement above the WMA (21), in the near future #NDX has the potential to strengthen upwards where the 20681.1 level which is also the Equal High level (where Liquidity gathers) will be tested and breaks in the near future. If it is successfully breaks and closes above that level then #NDX has the potential to continue its strengthening again to the 20858.3 level, and if the volatility and momentum of its strengthening are sufficiently supportive then 21086.7 will be the next target to be targeted, but if on its way to these targets there is suddenly a weakening correction that breaks and closes below the 20024.8 level then the strengthening setup that has been described previously is automatically canceled and becomes invalid.

(Disclaimer)