Wave 3 is impressive. The flow looks good, and it seems to reach level 4236 beyond 0618 of the third wave.
I think the Nasdaq will get a correction in the next few days. This dollar chart also supports that idea. It seems possible to go up to 96;Fibonacci 1.618 level of the previous waveform.
This is my analysis. 31K -34K has major support. I used the Fibonacci retracement level. Key support is expected to be at the 0.618 level. I think it's at a very high point right now.
Sector rotation to non-tech stocks is visible. It is recommended to increase cash within 2-3 months. Finance, dividends, value stocks, and blue-chip stocks should be gradually increased. ALB seems to flow well. A company that works like a cow.
Find the support resistance through the Fibonacci levels to see how far the falling bit will fall. The 1.618 level is likely to be reached. The price is around 35k
I made a simple prediction. It is currently peaking at 4236 and the next level is 68.54.
The FNGU reached 42.36% of the Fibonacci extension level from a small wave. Support for the decline appears to be $26-28.
It seems that it will show support at 61.80% and break through all high points if it crosses the purple downward line. The effectiveness of jpm was actually a surprise. I don't think it's reflected in the stock price yet. I think a good buying opportunity is coming soon. If the golden cross of 100ma and 200ma appears on the 15-minute chart, it is recommended to enter.
The Fibonacci line serves as support and resistance. If there is a line above the stock price, it can be seen as resistance, and if there is a line below it, Though a long pitch appeared after a 200 m resistance. It seems that it will go up to 42.36% if it goes over well.
Dollar chart. The formula for stocks to fall when the dollar rises seems to have changed. The Nasdaq and the dollar are going together. The next target for the Nasdaq is around 16,000, and if the dollar also rises, it could rise as follows. Of course there will be tests. Two cases were shown.
This is a 4 hour chart. If a golden cross comes out and the swing-up is done well, an uptrend can be expected, but there is a risk of a decline if it fails to break through the 200MA or if it does not receive proper support.
The first wave of Fibonacci extension that started in March 2020 seems to have peaked. The next level is located far above the sky. It's not a strange position to be down here. Well, looking at the 1-hour chart, there is no upward momentum yet. This is a very large timeframe. So, don't take too much into consideration for the current trading. I'll keep watching and update
The Invert Chart will help you. Opening up the view of direction.
Another scenario for the oil chart. This time, I predict a little closer flow with an hour chart. If chart creates a waveform with the following flow, you may see flying oil in 2022. Creating and responding to multiple scenarios is helpful.
Oil 1 hour chart. I marked the trend line and predicted the near high and low waves.