28.03.202308:13 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement Nasdaq 100 Index, Tuesday March 28, 2023.

On the daily chart, the Nasdaq 100 index shows the emergence of the Rising Wedge pattern where this pattern gives an indication that in the next few days #NDX has the potential to depreciate downwards where this is also confirmed by the condition of the Stochastic Oscillator indicator which is at the Overbought level and getting ready to go down below level 80 based on these facts in the near future #NDX tries to break below level 12645.2 if this level is successfully broken then level 12330.4 will be the main target to aim for and if momentum and volatility are also supportive then it is possible that level 12015.6 will become a target Next, however, what must be paid attention to is if on the way to these levels there is a sudden significant upward correction to pass above the 12960.1 level, then it is certain that the decline scenario described earlier will become invalid and will automatically cancel itself.

(Disclaimer)