US 100 IndexLong
Last chance for Nasdaq
Today was the turn for the bulls to be trapped ... or was it?
From mondays lows the Nasdaq appears to be forming a Fibonacci AB=CD pattern that would propel it to 14840. This would be significant because breaking above 14620 would reinforce the count in which we are now in an intermediate B wave with primary target at 15150. A break below 14050 would deny this formation and possibly signify the flood gates are open.
From mondays lows the Nasdaq appears to be forming a Fibonacci AB=CD pattern that would propel it to 14840. This would be significant because breaking above 14620 would reinforce the count in which we are now in an intermediate B wave with primary target at 15150. A break below 14050 would deny this formation and possibly signify the flood gates are open.
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Related publications
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.