Nasdaq100 testing EMA200 line on Hour timeframe - Stock tips and tricks
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Nasdaq100 testing EMA200 line on Hour timeframe

Nasdaq100 testing EMA200 line on Hour timeframe

Right now, you will see Nasdaq100 testing EMA200 line on Hour timeframe again for the third time this year.
The last 3 or 4 times, the price has tested the EMA200 line, which has resulted in rises in price.
Let’s hope the bottom has been reached for this time and hopefully the downtrend has stopped for this time.

I will love to see the price cross the EMA100 line, maybe later today or Monday next week. Then we might see a new uptrend.

Nasdaq100 testing EMA200 line on Hour timeframe

Nasdaq100 testing EMA200 line on Hour timeframe

Happy trading and be careful out there.
Looking forward to Monday and do another Technical Analysis of Nasdaq 100 index.

Other Nasdaq posts

Frank Egsgaard-Fjord
frank@e-fjord.dk