The key is whether it can be supported in the support zone
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(NAS100USD 1D chart)
Support zone
1st: Left Fibonacci ratio 2.24 (21039.7) ~ 21348.0
2nd: 19582.6
However, when the M-Signal indicator on the 1W chart is touched, whether it is supported or not is important.
The next volatility period is expected to be around December 26th.
If it is maintained above the M-Signal indicator on the 1M chart, it is expected to eventually rise to the left Fibonacci ratio 2.618 (23557.7) ~ right Fibonacci ratio 1.27 (23962.1) and re-determine the trend.
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Thank you for reading to the end.
I hope you have a successful trade.
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