Beast Trading _ Today's NASDAQ Analysis
Analysis of NASDAQ.
NASDAQ continued to fall, and then it started to rebound to the bottom of 11,000, and I analyze that the increase that came up is closer to the ABC increase than the impulse.
The A wave value ended at 12660, and the B wave came out exactly as much as 0.382 of the A wave (the B wave's duration is a bit small)
Since then, it has risen with an impulse, and it is analyzed that a C wave has occurred up to 13740.
If you look at the C detailed wave, you can see that the 1.618 extension of the 1 wave scale is exactly the same as the 3 wave scale. Through this, it was judged that the C wave was highly likely to be an impulse.
So it went up from 11,000 points to 335 ABC, and now it looks like it's going to fall strongly with an impulse.
What you need to check in the short term is the bottom line of the purple parallel channel, but if this bottom line is pierced, I think it will fall strongly.
Beware of Nasdaq Fall!
Analysis of NASDAQ.
NASDAQ continued to fall, and then it started to rebound to the bottom of 11,000, and I analyze that the increase that came up is closer to the ABC increase than the impulse.
The A wave value ended at 12660, and the B wave came out exactly as much as 0.382 of the A wave (the B wave's duration is a bit small)
Since then, it has risen with an impulse, and it is analyzed that a C wave has occurred up to 13740.
If you look at the C detailed wave, you can see that the 1.618 extension of the 1 wave scale is exactly the same as the 3 wave scale. Through this, it was judged that the C wave was highly likely to be an impulse.
So it went up from 11,000 points to 335 ABC, and now it looks like it's going to fall strongly with an impulse.
What you need to check in the short term is the bottom line of the purple parallel channel, but if this bottom line is pierced, I think it will fall strongly.
Beware of Nasdaq Fall!
