Bullish NASDAQ WOLFE WAVE SETUP

6 nov 2022

There is also a bullish wolfe wave setting up on the 4hr and 3D time-frames which all can be used for supporting evidence that a strong rally is nearing. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the line perforated line, as shown in the chart. If we extend a vertical line from the apex to the perforated target line, the time and price meet on Nov 29, 2022 at 14400. This is a very aggressive time and price target; however, there is a gap open at $13225 and it will most likely fill this year, so I expect the midterm elections along with tax loss selling and christmas rally into january effect will all contribute to a strong rally. I hope the analysis serves you well and you remain on the right side of the market.

7 nov 2022

Trade attivo

Today NQ momentum started to pick up ahead of midterms. Short term resistance will be at the 200 day ma 11200.

11 nov 2022

Trade attivo

NQ still remains active and likely to continue this rally up to Nov 29 and then take a breather.