Long
NASDAQ100 in a correction - next big move UP?
Nasdaq 100 is currently correcting that rallye we just saw.
Target for the correction is that green box. If we turn in that box, which is the fibonacci "golden zone" (.382 - .618 Fibonacci), the measured move of that first wave up, would exactly hit the .886 retrace from the all time highs to the bottom of the whole correction structure From there we could either sell off sharply, or we somewhat hold that level and attempt a break out to all time highs.
Target for the correction is that green box. If we turn in that box, which is the fibonacci "golden zone" (.382 - .618 Fibonacci), the measured move of that first wave up, would exactly hit the .886 retrace from the all time highs to the bottom of the whole correction structure From there we could either sell off sharply, or we somewhat hold that level and attempt a break out to all time highs.
Hallo und herzlich Willkommen bei 10xTrading -
Dein Kanal, rund ums Thema Charttechnik !
Dein Kanal, rund ums Thema Charttechnik !
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.
Hallo und herzlich Willkommen bei 10xTrading -
Dein Kanal, rund ums Thema Charttechnik !
Dein Kanal, rund ums Thema Charttechnik !
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.