Nasdaq 100: Near Term Forecast

已更新
Hi Everyone,

Just to share the latest forecast for the Nasdaq 100.

Price has recently reached the 12.6k target level (which corresponds to 100% of Wave a price projection), and broken through unexpectedly quickly.

The next key resistance levels are between 13.15-13.3k. This corresponds to 150-162% of Wave a, and also the 127% external retracement of Wave A.

I see two scenarios - the first in which there may be a pull-back before this level is reached, and another where there won't be a significant one. (This uncertainty is because I'm unsure if the wave iv, has already occurred).

Assuming we are currently in a B wave, I see a potential a correction to complete the ABC pattern.

If you do see differently, please do leave a comment.

Good Luck!

注释
Sorry a typo spotted - the resistance levels are 14.15-14.3k, and not 13.15-13.3k.
Elliott WaveFibonaccinasdaq100

免责声明