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FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday February 15 2024.

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday February 15 2024.

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday February 15 2024.

If we look at the 4-hour chart of the Nasdaq 100 index, it can be seen that the Stochastic Oscillator indicator is approaching entering the Overbought region and WMA 20 has a downward slope and at the same time the #NDX price movement is being stuck at the level of the Bearish Fair Value Gap area (pink box) so that in the near future as long as #NDX does not continue its strengthening until it breaks above level 17886.0 then #NDX has the opportunity to weaken down to level 17507.6. If this level is successfully breaks below then #NDX has the opportunity to weaken again to level 17374.8 as its first target and level 17154.0 as the next target to be aimed at.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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