FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Wednesday, January 31 2024.

With the appearance of the Bearish 123 pattern accompanied by hidden deviations between price movements and the Stochastic Oscillator indicator, in the near future the Nasdaq 100 index has the potential to weaken down to level 17345.9 if momentum and volatility support it, the next level will be 16561.5, but if it is on its way to the target If this level suddenly experiences an upward correction that passes level 17627.7, the weakening scenario previously described will become invalid and will automatically cancel itself.

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