NASDAQ:NDX my first target is 12800 fourth down move completed on daily need confirmation on weekly time frame rsi bullish on daily so i will be buying any pullback on nasdaq the whole down move was a correction if this level holds (retracement ) level marked on the chart and if all pieces of puzzles are put correctly 20000 on nasdaq is not very difficult only...
Nasdaq formed the Pennant (bearish) pattern on the charts. Target of 9722 will be seen in coming months.
-can see cup and handle formation on charts one way target if breaks would be 5% -feds stance will act as a trigger (break out or breakdown) -2nd opinion even if trendline is breaken the minimum target would be 5% acc to some books on tech analysis.
Nasdaq on day chart has formed Head and shoulder pattern and may fall very fast in case of bad news..... the Stop loss will be 9/20 High in case of trend reversal. Hope this doesnt happen. On weekly there is inverted cup and handle pattern forming. I wish it doesnt fall so much.
Markings are on chart. Based on Fibonacci. I think 4th is going on. Consolidation is the characteristic of 4th wave. Correction can be 38.2-50% of 3rd wave. In worst case scenario, it can be 61.8% . It should not touch high of 1st in any case.
Market can be remain postive on monday bcz all global index are in dz and although nifty is at crucial support of 17500
3 supply candles in same range will go short with the stoploss 13310.
NASDAQ is at good support level which i explain in a video.
green box is final support. if it is breaks we can see good fall at least 200 to 300 points.
possible reversal area for quick scalping. there is two untested demands marked with a yellow line.
Reacted from previous demand and formed a new demand..
With this trendline break, NASDAQ has clearly shown that more upside is pending. I would not be surprised if is reach 14,500. May even test the ATH? Who knows? But definitely setup looks good for bulls
Nasdaq is trading near the resistance line and sustaining above 13600 will give us the confirmation for upper targets. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Elliott Wave view in Nasdaq suggests the decline to 11035.20 ended wave (3). Wave (4) corrective rally ended at 12225.70 with internal subdivision as a wave A-B-C in a zigzag pattern. Final leg higher wave C ended at 12225.70 which also completed wave (4). The Index has turned lower in wave (5), but it still needs to break below wave (3) at 11035.20 to rule out a...
NASDAQ can be corrected upto 10300 level. From there the entire global market will start to recover in V shape.
as according to ellotie wave . ellotie suggest us to go withuptrend . and we are waiting for new hh .acoording to me swing traders are having an hint to go with uptrend . in case 2h graph turn to berrish noworries little correction .its may be last berrish whichis chance of only 40 percent
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