ABCD pattern,
1. Correction levels are drawn with green horizontal lines.
2. The next 1-2 months are going to be crucial.
3. Indecision between the 17800 and 18400 levels
Nasdaq has been Diverging on the Daily MACD since January 26th. Momentum is finally signaling towards the down side. Failing to make Higher Highs on the 4 Hour Time Frame, rejecting perfectly off of the upper Trend Line. Confirming that there is a Trend Change coming. Stop Loss placed above the Trend Line at 18092.26.
The NASDAQ appears to be following Elliott Wave Theory, where it's currently situated in what's projected to be Wave 5 of Primary Degree. Within this wave, it's believed to be in Wave 3, which typically signifies a strong upward movement in prices we are seeing now.
This suggests that we may see a bit more upward momentum in the NASDAQ before a correction phase...
IXIC to the Ground
IXIC is making a Momentum to maintain the Volatility
Candle Stick patterns shows that there are more buyers in the market. Large Body Candles.
There are some levels marked in the chart.
These levels are considered as Pivot Points and S&R.
14,072 and 14,009 and 14,016 and 14,048. The Crucial Levels for June 14 mark it on your...
![IXIC: NASDAQ COMPOSITE (Signals) [June 14]](https://s3.tradingview.com/8/8pZWB4sN_mid.png "NASDAQ COMPOSITE (Signals) [June 14]")
