NDX has broken the previous high on the back of the skyrocketing FANG stocks. Surely the moon is now in sight?
I am not so sure and looking back to the start of this EW cycle it may be that a top is very close.
Cycle wave III was a fib 4.238 of wave I and 0.618 of the waves I to III range is around 9870.
Even with the massive rises in wave V RSI has diverged from the high in wave III and continues this trend.
If correct cycle wave V may be an ending diagonal which may have reached wave 3 to be followed by waves
4 and 5 with wave 5 maybe spiking to the 10000 point.
Good Luck
I am not so sure and looking back to the start of this EW cycle it may be that a top is very close.
Cycle wave III was a fib 4.238 of wave I and 0.618 of the waves I to III range is around 9870.
Even with the massive rises in wave V RSI has diverged from the high in wave III and continues this trend.
If correct cycle wave V may be an ending diagonal which may have reached wave 3 to be followed by waves
4 and 5 with wave 5 maybe spiking to the 10000 point.
Good Luck
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.