Nasdaq-100 Wave Analysis 4 March 2026

RunWithRugs · 2026-03-10T02:00:06+00:00

The Nasdaq-100 index recently reversed from a significant support zone, suggesting a potential rise to the resistance level of 25455.00, following a halt in the short-term correction amidst an overall downtrend.

RunWithRugs

2026-03-10 02:00:06

Abstract generation in progress

(MENAFN- FxPro) Nasdaq-100: ⬆️ Buy

– USDCHF reversed from support zone

– Likely to rise to resistance level 25455.00

Nasdaq-100 index recently reversed from the support zone between the multi-month support level 24270.00 (which has been reversing the price from September), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.

The upward reversal from this support zone stopped the earlier short-term correction 2 of the higher order impulse wave (3) from February.

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Given the clear daily downtrend, Nasdaq-100 index can be expected to rise to the next resistance level 25455.00 (top of the earlier wave 1).

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