Hi everyone. I quick update on the Nasdaq chart and the current situation and projection.
The Nasdaq has now completed wave 4 and bounced on the support level of Fibonacci value 0.618. We can now expect a wave 5 on the way. This wave will be shorter than usual due to wave 3 not being greater than wave 1 by 1.618. Wave 5 will take place over a longer period of time hence the fast speed of wave 1 and 3.
The first possible target of wave 5 is at 13990. Next possible target if we reach the first one is 14320 and the last possible target if the prior ones are met is 14850. Wave 5 will move in 5 waves naturally and there will be a few opportunities to jump on board at great prices if different support levels hold.
I will continue adding updates to this post, so stay tuned if you find this interesting or helpful.
The Nasdaq has now completed wave 4 and bounced on the support level of Fibonacci value 0.618. We can now expect a wave 5 on the way. This wave will be shorter than usual due to wave 3 not being greater than wave 1 by 1.618. Wave 5 will take place over a longer period of time hence the fast speed of wave 1 and 3.
The first possible target of wave 5 is at 13990. Next possible target if we reach the first one is 14320 and the last possible target if the prior ones are met is 14850. Wave 5 will move in 5 waves naturally and there will be a few opportunities to jump on board at great prices if different support levels hold.
I will continue adding updates to this post, so stay tuned if you find this interesting or helpful.