Monthly Chart of Nasdaq Bank Index.
The index is approaching the channel resistance around the levels of 127-128.
For educational purpose
Monthly Chart of Dow Jones Industrial Average (DJI):
Monthly Chart of Dow Jones Industrial Average (DJI): Scenario - 1: (2003-2007) The uptrend which started from October-2002 met the resistance around the Fibonacci extension levels of 1.382%-1.5% as seen from the chart. Scenario - 2: (2009-2015) The uptrend which started from March-2009 met the resistance around the Fibonacci extension levels of 1.382%-1.5% as seen from the chart. Scenario - 3: (2020-current period) The uptrend which started from March-2020 might face resistance around the Fibonacci extension levels of 1.382%-1.5% as seen from the chart. Resistance levels lies around 33900-35200.
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