Nasdaq-100: ⬆️ Buy
– The Nasdaq 100 index reverses from the support area
– It is likely to rise to the resistance level 29815.00
The Nasdaq-100 index recently reversed from the support zone between the 28630.00 support level (which had been mirroring the index since May), the daily Bollinger band decline and the 38.2% Fibonacci retracement of the bullish wave from April.
A bullish reversal from the 28630.00 support level stopped the previous secondary impulsive wave 3.
Given the strong daily uptrend, the NASDAQ-100 is expected to rise to the next resistance level of 29815.00 (former second wave high).
