Technical Analysis Post

NAS100 Mean Retrace 26.10.2023

| 26 October, 2023 at 09:53 GMT

NAS100 Mean Retrace 26.10.2023 by BDSwiss_Academy on TradingView.com

It is clear that the NAS100 has broken another consolidation phase and moved to the downside rapidly yesterday.

This is an unusual crash intraday and considering the volatility of stocks, the index is expected to retrace before crashing further back to the 61.8%. It could be the case that this support is going to break instead. However the risk-reward ratio at this point is favorable.

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