NASDAQ has recently completed a Wave 4 correction within a classic ending diagonal structure, finding strong support between the critical demand zone of 350–377. This region has held firmly, affirming bullish structural integrity and reinforcing the likelihood of a new impulsive phase.
Price action is now coiling just below 441.70, a key resistance level. A decisive breakout above this threshold would confirm the initiation of Wave 5, targeting the projected upper boundary of the macro channel around 563 a confluence zone of both Fibonacci extensions and historical resistance.
The structure remains bullish as long as the 350–377 zone is respected. A clean move above 441.70, ideally backed by increasing volume and momentum indicators, would validate the bullish continuation setup and unlock the next phase of upside potential.
This setup offers a compelling risk-to-reward narrative, aligning with long-term trend dynamics and classical Wave theory.
Price action is now coiling just below 441.70, a key resistance level. A decisive breakout above this threshold would confirm the initiation of Wave 5, targeting the projected upper boundary of the macro channel around 563 a confluence zone of both Fibonacci extensions and historical resistance.
The structure remains bullish as long as the 350–377 zone is respected. A clean move above 441.70, ideally backed by increasing volume and momentum indicators, would validate the bullish continuation setup and unlock the next phase of upside potential.
This setup offers a compelling risk-to-reward narrative, aligning with long-term trend dynamics and classical Wave theory.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
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📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
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📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.