NAS100 Consolidation? 01.03.2023 by BDSwiss_Academy on TradingView.com
It seems that the NASDAQ 100 CFD price move has experienced a consolidation phase.
A consolidation is a period of range-bound activity after an extended price move.
Consolidation illustrates the lack of a trend in a particular trading range.
It is proved from the historical data that such phase does not last for 2-3 days.
A Breakout upwards might cause the index to rise until the resistance level 12360.
It is more probable that the market will reverse due to the fact that the indices still have not corrected their upward path this year.
