US100 CFDLong
NASDAQ - BUY IDEA
Analyzing the NASDAQ (US100) on the 45-minute chart, I see a promising upward trajectory forming. The price appears to be completing wave 4, suggesting that wave 5 is about to begin. This wave could potentially drive the price higher, with key Fibonacci extensions at 0.618, 1.0, and 1.618 levels indicating possible targets at 20,192.2, 20,653.4, and 21,399.5 respectively.
This setup presents a strong bullish opportunity, with potential gains as the price climbs towards these Fibonacci targets. For those looking to enter a long position, this could be an ideal moment to catch the wave as it develops, riding the momentum to the upper Fibonacci levels. The chart suggests a robust bullish continuation, making this an attractive trade to consider.
This setup presents a strong bullish opportunity, with potential gains as the price climbs towards these Fibonacci targets. For those looking to enter a long position, this could be an ideal moment to catch the wave as it develops, riding the momentum to the upper Fibonacci levels. The chart suggests a robust bullish continuation, making this an attractive trade to consider.
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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.