Technical Analysis Post

NAS100 Falling Wedge? 27.09.2023

| 27 September, 2023 at 16:05 GMT

NAS100 Falling Wedge? 27.09.2023 by BDSwiss_Academy on TradingView.com

It is clear that all U.S. benchmark indices are currently facing a downward trend.

In the case of the NAS100 the Falling Wedge formation seems to hold. we could see the index falling even further when volatility kicks in after market opening at 16:30 GMT+3.

14620 serves now as an important resistance level (was acting as support previously). The next support is probably at 14525. Breaking that as well might cause index to drop further at near 14440.