Important Support and Resistance Points: 19582.6

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To summarize the explanation below,

The current strength to maintain the uptrend is weakening.

Therefore, the key is whether it can receive support and rise near 19582.6.

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(1W chart)

A new week has begun.

The key is whether it can receive support and continue the uptrend near 19582.6.

1. Check if ADX can rise above 25
2. Check if OBV can rise above the High Line

3. Check if StochRSI enters the overbought zone
4. Check if BW can touch the highest point (100)

If 1 and 2 are satisfied, the upward trend is expected to continue.

If 3 and 4 are satisfied, the high point zone is expected to be formed.

It does not immediately fall when the high point zone is formed,
- Check if ADX shows a downward trend or falls below 25
- Check if OBV falls below the High Line or shows a downward trend
When the above two conditions are satisfied, the decline is likely to begin.

At this time, the important thing to look at is whether there is support near 19582.6.

If it falls below 19582.6, it is likely to fall to around 17854.8.

The Fibonacci ratio shown on the left side of the chart is drawn in the first rising wave.

The Fibonacci ratio shown on the right side of the chart is drawn in the second rising wave.

Therefore, if it touches the Fibonacci ratio 1 (21137.6) on the right side, it is expected to pick up the trend again.

The second rising section is expected to be around the Fibonacci ratio 2.618 (23557.7) on the left side.

The long-term uptrend resumed on the week of March 13th as it broke through the M-Signal on the 1M chart.

Therefore, if it starts to fall, it is expected to show significant volatility by touching the M-Signal on the 1M chart.

Currently, the M-Signal on the 1M chart is rising around 17854.8.

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(1D chart)

StochRSI has touched the 100 point.

Accordingly, it is expected that even if it rises, it will eventually show a downward trend.

If it rises above 19582.6, I think it is highly likely to touch around 20313.8 and fall.

If not, it will turn into a downward trend.

At this time, what you need to check is
1. Whether ADX rises above 25.

2. Whether OBV is maintained above the high line or below the low line and remains.

If the above 1 and 2 are not satisfied, there is a possibility of forming a box section.

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Sometimes, there are people who strangely say that indicators from coin charts are used in stock charts.

Most indicators on charts have been created and used in the stock market for a long time.

I hope you know that they can be applied to all investment markets.

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Have a nice time.
Thank you.

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注释

#NAS100USD

It is rising near the expected level.

The key is whether it will reset the StochRSI indicator by falling as expected near this level.

The important support and resistance area in the event of a decline is near 19582.6.