NDX Is reaching to strong resistance zone! we watch carefully!
NDX is going to face a strong resistance zone soon!
NDX is currently completing final wave (5) of a 5 segment up going wave cycle. This complete cycle may end at proposed resistance zone. Resistance zone is obtained by two different type of typical Fibonacci levels of wave 5 target.
It is worth to note mentioned complete cycle is itself wave 3 of a larger degree wave which means next possible sell off is just a correction not a fall. Therefore I think there is no major risk for stock holders.
Next decline will bring back NDX to 14386 or 13885 corresponding to 0.5 and 0.618 Retracements respectively. Then we will have a new move up and a new ATH.
It is wise to have a general view of the market when we want to open a position.
Good luck every one.
NDX is currently completing final wave (5) of a 5 segment up going wave cycle. This complete cycle may end at proposed resistance zone. Resistance zone is obtained by two different type of typical Fibonacci levels of wave 5 target.
It is worth to note mentioned complete cycle is itself wave 3 of a larger degree wave which means next possible sell off is just a correction not a fall. Therefore I think there is no major risk for stock holders.
Next decline will bring back NDX to 14386 or 13885 corresponding to 0.5 and 0.618 Retracements respectively. Then we will have a new move up and a new ATH.
It is wise to have a general view of the market when we want to open a position.
Good luck every one.
Comment:
NDX strongly defeated first resistance. Market is Generally going up
Comment:
Strong rejection from second resistance zone! I think it may go a little bit higher but correction is on the way as predicted several days ago my friends.
Comment:
it is above the second resistance now ! in the same time it broke the top of the parallel channel ! will bull market continue? are we going to enjoy more and more from our open long positions?
Comment:
Strong rejection ! We should be prepared for the possible up coming correction in the market.
Comment:
Whatever the reason is, New pandemic fear or FED decisions, We expected this correction several days ago !
Comment:
It is very important to be prepared in advance as we were my friends !
Now we are enjoying our reverse positions.
Now we are enjoying our reverse positions.
