NASDAQ TOPPED OUTThere are 2 parallel line/CHANNELS.
1) RED line & Light GREEN line . (SOLID)
2) ORANGE line & Deep GREEN line. (DOTTED)
NASDAQ broke the number 1 CHANNEL even though it made a all time high.
In next few days/weeks It will break the 2nd dotted CHANNEL. Which may or may not create a new high but pe
NASDAQ 100 , XNIDXFive-Wave Impulse Trend:
5 Distinct Sections
Bull trend :Higher highs and higher lows
Section Highs and Lows do not overlap
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Five Wave Trend Rules
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Displays a symbol's price movements over previous years to identify recurring trends.