the nasdaq moves upwards in beautiful impulses. As I wrote in my last update, I expect further increases in the nasdaq. I currently see the nasdaq continue to rise in the direction of 15,520. I expect a small cerrection there, after which we can see a course over 16,200! It is important that the nasdaq above remains 14,331. By the way: The wolfe wave is invalidated:)
Due to the correction that took place, I was a bit cautious and stayed on the sidelines. My target zone has been reached and the market has shown strength in exactly this area. This speaks so far for my setup, which has been active for a very long time - the market is still bullish in the overall picture! Now the Nasdaq should go towards the resistance at 15,398....
Here are the next important levels: 14,656 - was broken and has now cleared the way to 14,331 - 14,497 also very interesting: (The 100% extension from the ATH to the low at 14,807 and again to the high at 15,399) - the 100% extension could be a turning point, as wave C likes to turn at this level. - 14,331: This is my next main goal for the higher-level wave...
Nasdaq failed to break the huge resistance & to build an impulsive upward impulse. The breakout at 15.347 was just a fake - now the market is trading in a wave c. Do you remember my old target? 14.656 - activated again;) Lets see how the market reacts on this level. This could be another long trade area. (old post - this scenario was the right one..)
Nasdaq turned in my target zone for wave (4) between 38.2 & 50 Fibo + closed above 15.307. Thats a good signal for next week. Whats important now? To break the high of wave (3) at 15.347 // the blue resistance zone. Last update: New update:
H4 chart / bigger count: H1 chart / mini count: NASDAQ - bullish again? If the market turns before 15,160 now and crosses the last interim high at 15,346, I see the correction as completed. For that we should see a nice green day today and at least a close above 15.307. Yesterday the market held up well above the level - that's a good sign for now. So I'm...
Nasdaq : It's a real war between bulls and bears in the Nasdaq. Primarily, another corrective movement must be expected, which should extend to 14656 points or below. Only then I expect the correction to end with subsequent increases towards 16,000 points. However, it must be clearly stated here that there is still an alternative in which the low has already been...
Nasdaq: ABC movement within a wave b in the bigger count. 15.259 could be a typical turning point for another leg down
Palantir is trading within the channel. Setup is still intact. 24.14 USD current important support. 27.56 is still the level that the market needs to break.
BBIG reached my target zone (61.8 Fib) & can correct even more. If you want to buy long term: Do it step by step;)
NASDAQ After the reversal that started yesterday evening, we have to ask the following question: Although the NQ did not reach the target of 14656 points, it shows a clear v recovery. Currently, however, this is not enough for a real trend reversal. It looks more like a wave B & a recovery movement before another corrective wave c. Primarily, we must continue to...
BBIG has more room to correct. 7.33 is a key level & a trigger for further downside potential. This is a possible setup:
A few more words about the Nasdaq: Since August 19th - September 6th you can see a very nice 5 wavy impulse. From the low to the high, there is still potential for correction if you just look at this single wave movement. Gladly the Fibo range between 50 and 61.8%. In other words: 15,000 can easily be reached. That would then also correlate with my superordinate...
The market has still a possibility to create a new high in this impulse (alternative scenario). Only a clear drop below 15306 points will change this. It would also be necessary to wait for a day's close below this level in order to really take the alternative off the chart. Otherwise, the primary scenario currently prepares for the correction to continue & I...
Nasdaq short trigger: Wolfe wave has reached target line DOW JONES: 34.512 - 34.551 is a key zone now! Otherwise we could see another sell off S&P500:
NASDAQ In yesterday's update I pointed out that the correction would start prematurely here if the Nasdaq falls below 15517 points. The bulls bravely defended this level and took some breathing space, which means that I continue to assume that the price will rise above 15900 points. However, we have to watch out for the bears, as they still have the chance to push...
Nasdaq has even more room to the updside. I still expect wave 3 to go a little higher. 15,900 is definitely possible. Then there should be a correction, whereby the value should definitely fall below 15.515. If the high is already there, 15,515 is a trigger. If the price falls below this, this is the beginning of a correction. This can go into the region at...