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NASDAQ (NAS100USD) How to Catch the Trend?



US100 reached a peculiar confluence zone.

We see a perfect match between a major rising trend line and horizontal structure support .


On that, the price is currently trading in sideways and formed a horizontal decision range.


To catch a bullish continuation, wait for a bullish breakout of its resistance (4H candle close above).

Then buy aggressively or on a retest.


Goals:

13300

13867


In case of a bearish breakout of the range, further decline will be explected.

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