Analysis:
The NASDAQ100 appears to be following a classic 5-wave structure.
Currently, we are finishing Wave 3, with an expected corrective move toward the 50% Fibonacci retracement zone near 19,018.7.
From there, the chart suggests a continuation toward the 19,879 area (close to the daily 200 EMA) and, finally, toward the 20,866 target, completing the cycle.
Key zones:
Support: 19,018.7 (50% Fibo and strong structural level)
Resistance: 19,879.1 and 20,866.2
Additional levels: Daily 200 EMA and previous structural gaps
The path won't be in a straight line — expect consolidation and pullbacks along the way. However, the bullish projection remains intact as long as the 19,018.7 support holds.
Let's keep riding the wave! 🌊
The NASDAQ100 appears to be following a classic 5-wave structure.
Currently, we are finishing Wave 3, with an expected corrective move toward the 50% Fibonacci retracement zone near 19,018.7.
From there, the chart suggests a continuation toward the 19,879 area (close to the daily 200 EMA) and, finally, toward the 20,866 target, completing the cycle.
Key zones:
Support: 19,018.7 (50% Fibo and strong structural level)
Resistance: 19,879.1 and 20,866.2
Additional levels: Daily 200 EMA and previous structural gaps
The path won't be in a straight line — expect consolidation and pullbacks along the way. However, the bullish projection remains intact as long as the 19,018.7 support holds.
Let's keep riding the wave! 🌊
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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.