BizZinessFX

BizZinessFX Updated 

I believe that as NAS is extremely overbought, there is a possibility of a trend reversal. NAS completed wave 5 of the Elliot pattern and is in the process of forming a head and shoulders pattern.

BizZinessFX Updated 

NAS could reach 14400 or it could fall below the bottom trendline if wave 5 of the Elliot wave pattern is already complete at the last high. I believe it is more likely to reach 14400.