Short
Nasdaq 100: Near Term Projection
Hi Everyone,
I think we've recently started a C-wave of a zig-zag correction.
My current thinking is that we'll have one more wave down which I expect to reach around 11.8-11.9k.
At this point I would expect there to be support for a short-term bounce afterwards.
If price does significantly break above the upper parallel line this analysis is void,
Good luck!
I think we've recently started a C-wave of a zig-zag correction.
My current thinking is that we'll have one more wave down which I expect to reach around 11.8-11.9k.
At this point I would expect there to be support for a short-term bounce afterwards.
If price does significantly break above the upper parallel line this analysis is void,
Good luck!
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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.