The impulse of wave 3 reached 3.272% of wave 1 and bounced off it downwards.
It remains to be seen whether the NASDAQ has ended wave 4 with the last correction, or whether wave 4 should consist of the red abc formation.
In the chart, the upward channel is still intact and, if left down, the red c is confirmed.
In such a case one could enter long without worry and wait until wave 5 forms a new high, which should take place in November.
If, on the other hand, the price remains in the trend channel, then wave 5 will mark a new high straight away.
MACD is still bullish.
It remains to be seen whether the NASDAQ has ended wave 4 with the last correction, or whether wave 4 should consist of the red abc formation.
In the chart, the upward channel is still intact and, if left down, the red c is confirmed.
In such a case one could enter long without worry and wait until wave 5 forms a new high, which should take place in November.
If, on the other hand, the price remains in the trend channel, then wave 5 will mark a new high straight away.
MACD is still bullish.
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.