ANALYSIS ON NASDAQ 100 - 1H CHART
Today my partner (tradingview.com/u/ccerezo11/) discussed in his webinar, the possibility of a continued uptrend of the NASDAQ Index.
I agreed and thought it was an interesting analysis so I'm sharing it.
I've outlaid a 12345 Elliot Wave Impulse. Waves 1 and 3 appear nearly identical in distance with an extended 5th Wave. (0.618 of Wave 1)
The formation of a mini impulse is quite likely in progress.
Plan A - Look for a new flag and wait for the confirmation.
Plan B - it continues correction, may even breakout outside of trend, therefore look for new impulse... wait for confirmation and enter a long.
Please share your thoughts and get in touch with him!
Thanks.
I agreed and thought it was an interesting analysis so I'm sharing it.
I've outlaid a 12345 Elliot Wave Impulse. Waves 1 and 3 appear nearly identical in distance with an extended 5th Wave. (0.618 of Wave 1)
The formation of a mini impulse is quite likely in progress.
Plan A - Look for a new flag and wait for the confirmation.
Plan B - it continues correction, may even breakout outside of trend, therefore look for new impulse... wait for confirmation and enter a long.
Please share your thoughts and get in touch with him!
Thanks.
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.