Is NASDAQ Losing Steam? A Reality Check for Traders
Hey Realistic Traders, Is 
US100 Out of Steam? Let’s Dive Into the Analysis…
On the daily timeframe, the Nasdaq remains above the EMA-100, which has served as strong support through multiple successful rebounds. Simultaneously, the price has moved above the bullish trendline, reinforcing the ongoing uptrend.
Within wave 4, the price formed a falling wedge pattern, followed by a breakout. This signals the initiation of wave 5, which could potentially extend beyond the length of wave 1, given that wave 3 did not exceed the 1.618 Fibonacci ratio. Meanwhile, the MACD indicator has already formed a bullish crossover, adding further confirmation of a positive outlook for the Nasdaq.
Considering these strong technical signals, the price is likely to move upward toward the first target at 23,538, or potentially the second target at 24,356.
However, this bullish scenario depends on the price staying above the critical stop-loss level at 20,833.
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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Nasdaq."
US100 Out of Steam? Let’s Dive Into the Analysis…On the daily timeframe, the Nasdaq remains above the EMA-100, which has served as strong support through multiple successful rebounds. Simultaneously, the price has moved above the bullish trendline, reinforcing the ongoing uptrend.
Within wave 4, the price formed a falling wedge pattern, followed by a breakout. This signals the initiation of wave 5, which could potentially extend beyond the length of wave 1, given that wave 3 did not exceed the 1.618 Fibonacci ratio. Meanwhile, the MACD indicator has already formed a bullish crossover, adding further confirmation of a positive outlook for the Nasdaq.
Considering these strong technical signals, the price is likely to move upward toward the first target at 23,538, or potentially the second target at 24,356.
However, this bullish scenario depends on the price staying above the critical stop-loss level at 20,833.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Nasdaq."
Dagangan aktif
On the h4 timeframe, Nasdaq remains above the EMA21 line, confirming possible uptrend scenario.
Dagangan ditutup: hentian tercapai
Hit stop loss
Watch out for a bear market due to reciprocal tariffs between the U.S. and its trading partners."
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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.