I have explained in greater detail my projections and ideas about NASDAQ in my previous post.
The NASDAQ is about to hit the fib support level of 0.618. Aligning with this level at the price 13990 is the yellow uptrend line, where the market already has bounced multiple times. In addition, we have the MA 200 line which also will grant support.
So all in all we have 3 strong indicators of support at the exact same place. I'm very bullish around this area.
Our target after it bounces is at fib level 1 which is 2,2% higher at 14315. If it hits this level the wave 5 could be complete, but the NASDAQ can still push further to the last possible level of 1.618 at price 14850.
Good luck to everyone. I will keep this post updated until I find it relevant to make a new one.
The NASDAQ is about to hit the fib support level of 0.618. Aligning with this level at the price 13990 is the yellow uptrend line, where the market already has bounced multiple times. In addition, we have the MA 200 line which also will grant support.
So all in all we have 3 strong indicators of support at the exact same place. I'm very bullish around this area.
Our target after it bounces is at fib level 1 which is 2,2% higher at 14315. If it hits this level the wave 5 could be complete, but the NASDAQ can still push further to the last possible level of 1.618 at price 14850.
Good luck to everyone. I will keep this post updated until I find it relevant to make a new one.
