Get started
wolfah

NASDAQ Monday 6300?

Short
US 100 Index (TVC:NDQ)  
wolfah Updated   
TVC:NDQ   US 100 Index
Trend Analysis Chart Patterns Wave Analysis
3
2
trendanalysis chartpattern waveanalysis
NASDAQ has not terminated a wave "3,5" in wave "c" of a "RunningFlat"- or "ExpandedFlat"- pattern on Friday (SPX prob. finished this 3,5 already)! This is, why I would expect a GAP-opening for NASDAQ on Monday. There will be strong support at 6300 area (Fib-level 1.0 of wave "a" for this wave "c")! -Overall, the bearish mode will continue for the next days.
Comment:
Comment:
Did some homework. Tried to find the bottom for the next upswing with diff. results. -Next days will show!
Comment:
I keep in mind, that there are lower targets possible: EW-theory also predicts a possible bottom at TP 5819 in a "ExpandedFlat"-pattern, which I don't want to discuss so far...
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.