As seen on the 4-hour chart, the Nasdaq 100 index appears to have 3 interesting things, namely the first is the appearance of a Bullish 123 pattern, the second is the #NDX price movement moving above the WMA (30 Shift 2), and the third is the appearance of Divergence against the price movement of the index so that based on these three facts, there is a potential for #NDX to appreciate and strengthen in the near future where the level of 19945.8 will be tested to be breaks and close above that level. If it is successful then #NDX has the potential to continue its strengthening again to the level of 20440.4 and if the volatility and momentum of its strengthening support it, 20684.6 will be the next target as long as there is no significant weakening correction when heading to the targets of these levels, especially if there is a correction that breaks and closes below the level of 19145.4 because if this happens then all the strengthening scenarios that have been described previously will be invalid and automatically canceled by itself.
(Disclaimer)
