FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday February 22 2024.

If we look at the 4-hour chart of the Nasdaq 100 index, we can see the emergence of a Bearish 123 pattern followed by several Bearish Ross Hooks (RH), which gives an indication that in the near future #NDX has the potential to weaken down to level 17312.0 as the main target and level 17125.5 where this is also confirmed by the price movement which moves below the WMA 30 Shift 2 which also has a downward slope but with the emergence of a Hidden Deviation pattern between the price movement and the Stochastic Oscillator indicator, in the near future there may be an upward correction but during this correction does not penetrate above level 17951.1, then the weakening scenario described previously is still ongoing and active.

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