NAS100 continued its bullish move from the last week and reached 15965.47 resistance level.
The price did not make a retrace to 15631.00 support level which was expected. This shows bullish strength on the market.
Weekly and monthly time frames show critical levels for the bulls. The price 16000.00 is very important in order to continue a move to the next resistance 16400.00.
For the next week I am expecting the price to move further up. The 16400 is the weekly target, but before that happens I expect the price to retrace back to 15965.00 to find support for the next move.
So, Monday will show how the market is behaving because it is the day when the traders form their sentiment for the rest of the week.
I do not see the price on lower levels from here because sellers did not show too much on the market that would suggest price retracing even more.
For now bullish momentum is present and that is backed up with the uptrend channel where the price is currently in.Video Length: 00:05:17 More By This Author:GBPUSD Analysis & Week Ahead Forecast – Saturday, Nov. 18
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