Hi Everyone,
Just to share my thoughts for the Nasdaq 100, after the sell-off today and continued trading within the 13.3-12.7k zone.
I think today we have seen the completion of the B wave, and I project a C wave uptrend over the next few weeks.
This is also supported by the B Wave retracing to the 50% Fibonacci level and also completion of the sub-c wave (5 waves accounted for).
If there is a break below support, this analysis would be invalidated.
If you do see anything different please do leave a comment,
Good luck!
Just to share my thoughts for the Nasdaq 100, after the sell-off today and continued trading within the 13.3-12.7k zone.
I think today we have seen the completion of the B wave, and I project a C wave uptrend over the next few weeks.
This is also supported by the B Wave retracing to the 50% Fibonacci level and also completion of the sub-c wave (5 waves accounted for).
If there is a break below support, this analysis would be invalidated.
If you do see anything different please do leave a comment,
Good luck!