First video on how I analyze the Nasdaq 100 using Elliott Waves, Fibonacci extension levels, support and resistances, and technical indicators. Apologies first if it's not up to standards. I did this impromptu and didn't really prepare that much. Will do better next time :)
Here's a summary on why I think it is bullish:
1. Cup and Handle
2. Wave counts completion
3. MACD turned long
4. RSI still not in overbought.
One more reason is because my last analysis on NVDA is wrong (linked here) and usually when I am wrong in a strong conviction idea, going opposite is usually very profitable.
Here's a summary on why I think it is bullish:
1. Cup and Handle
2. Wave counts completion
3. MACD turned long
4. RSI still not in overbought.
One more reason is because my last analysis on NVDA is wrong (linked here) and usually when I am wrong in a strong conviction idea, going opposite is usually very profitable.
Dagangan ditutup: sasaran tercapai
I've updated my preference for the equity markets to be short instead of long due to risk-reward.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.