#NQ100: BUY 19400, SL 19150, TP 20500 | 17 March 2025
17 March 2025, #NQ100
Buyers are struggling to cope with the sudden and intense pressure from their opponents. As a result, the price continues to trade at the previously established local low. While attempts to rectify the situation are being made by buyers, no positive results are apparent yet, although they have managed to halt the downward movement.
The current situation lends itself well to the initiation of a retracement. This may indeed transpire shortly. However, it is important to remember that the anticipated price rise is likely part of a correction, so expecting strong movements in this scenario is ill-advised.
Investment idea: BUY 19400, SL 19150, TP 20500.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
