NASDAQ chart study IXIC
Nasdaq ixic index at 15050
Daily time frame
Bearish wolf wave pattern formation on long time consideration ,
ascending sharp wedge on smaller time consideration
Wedge is already broken and reversal from above the wolf wave resistance line is in progress,,
if this wolf wave has to progress as per theory, than index might head towards levels of 13700-13500.
in between if needed modification can be done,,
Daily time frame
Bearish wolf wave pattern formation on long time consideration ,
ascending sharp wedge on smaller time consideration
Wedge is already broken and reversal from above the wolf wave resistance line is in progress,,
if this wolf wave has to progress as per theory, than index might head towards levels of 13700-13500.
in between if needed modification can be done,,
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