ANALYSIS ON NASDAQ 100 - 1H CHART
Today my partner (tradingview.com/u/ccerezo11/) discussed in his webinar, the possibility of a continued uptrend of the NASDAQ Index.
I agreed and thought it was an interesting analysis so I'm sharing it.
I've outlaid a 12345 Elliot Wave Impulse. Waves 1 and 3 appear nearly identical in distance with an extended 5th Wave. (0.618 of Wave 1)
The formation of a mini impulse is quite likely in progress.
Plan A - Look for a new flag and wait for the confirmation.
Plan B - it continues correction, may even breakout outside of trend, therefore look for new impulse... wait for confirmation and enter a long.
Please share your thoughts and get in touch with him!
Thanks.
I agreed and thought it was an interesting analysis so I'm sharing it.
I've outlaid a 12345 Elliot Wave Impulse. Waves 1 and 3 appear nearly identical in distance with an extended 5th Wave. (0.618 of Wave 1)
The formation of a mini impulse is quite likely in progress.
Plan A - Look for a new flag and wait for the confirmation.
Plan B - it continues correction, may even breakout outside of trend, therefore look for new impulse... wait for confirmation and enter a long.
Please share your thoughts and get in touch with him!
Thanks.
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