NASDAQ prob. in a "Extended V Bottom", where the following wave c (grey) could equal wave a (grey), just to finish larger wave b (red).
Target 1: for b (red)= 7000 Flat pattern) with 0,382 of wave a (grey) for wave c (grey),
Target 2: for b (red)=7173 (Running Flat-pattern) with 0,618 of wave a (grey) for wave c (grey).
Keep in mind, that the daily volume , so far, does not follow the trend! There is yet another downswing to come....
Target 1: for b (red)= 7000 Flat pattern) with 0,382 of wave a (grey) for wave c (grey),
Target 2: for b (red)=7173 (Running Flat-pattern) with 0,618 of wave a (grey) for wave c (grey).
Keep in mind, that the daily volume , so far, does not follow the trend! There is yet another downswing to come....
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NOTE: Please forget the magenta ABC counts in wave a (Grey). This is def. a impulse wave! SORRY!Nota
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15min chart for better visibility and some further information: Wave b (grey)has NOT even reached a neccessary Fib. 0,236 (6708) retracement level!!! ( Even, if the preceeding wave a would be replaced by 1 and b would be a wave 2 instead, the minimal requirements for this wave would not be met!!!) This is probably a bearish signal!
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And now the tricky part on a 15min chart:Nota
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Different counts!!! Assumption: The upswing (magenta wave b) on Friday has been a bull trap (as usual in a "Expanded Flat"), then it would be possible to reach the minimal required Fib.-levels for a wave-b (grey) or even a possible wave-2 (grey). (Stochastic Indicator also shows an overrbought situation!) First target (1,618) at 6680 or below!Please keep that in mind and careful trades, when it starts on Monday...
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15min chart: Possible "Broadening Formation in NASDAQ see belowNota
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.
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.