Looking at the Nasdaq daily charts, it's quite visible that Nasdaq is entering in Wave 5 of Elliot Waves Theory wherein it means the rise should slow down and we can see a max high of around 14500 points and it should move in Consolidation phase thereon
The First wave was about 1466 Points
The Third Wave was about 2397 points which is about 1.635 times of Wave 1
Thus this indicate we can expect wave 5 end around 14500 approximate and we might see a bit downside post achieving the same
Timeline we can expect around July end to August first week to hit 14500
The First wave was about 1466 Points
The Third Wave was about 2397 points which is about 1.635 times of Wave 1
Thus this indicate we can expect wave 5 end around 14500 approximate and we might see a bit downside post achieving the same
Timeline we can expect around July end to August first week to hit 14500