NASDAQ 100 E-MINI FUTURES
NASDAQThe 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 begins. The expected correction is anticipated to be quite substantial, potentially leading to a range of 13,000 to 12,500. This correction would encompass the entire Primary Degree, marking a significant and extended market trend reversal.
NQ in Long LevelsAll Levels mentioned on Chart
your part is to manage risks wisely
as you are responsible for your understandings
#NASDAQ #NQ @ 9265 - Hasn't had a Negative Close in WeeksNext resistance zone at 9400-10000.
Resistance Zone is not necessarily a reversal zone.
Must check the behavior within the zone.
