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US100 approaching a key confluence zone

Warren's Trading Titans
warren


On the 4-hour NAS100 chart, the price is getting close to an important area where different factors come together. This area, marked in green below, used to be a place where the price had trouble going higher but is now acting as a support. Additionally, it matches up with the 61.8% Fibonacci level and a lower trendline. I'm going to watch the shorter timeframes for any signs that the price might change direction and go up again.

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Last updated: 10/19/2023 06:42

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