High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
On Friday NQ opened with a gap-down below prior day low and then traded down to strong support zone at 18,000, prior swing high (resistance) from January 24th 2024, now support.
It is likely NQ would get a bounce from 18,000 support. How much is a bounce depends on if it can break above resistances.
The first resistance levels are 18,100, then 18,200, then 18,300-18,400.
Trading below 18,000 is very bearish as the next major support is not until 17,380.
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The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
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Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
