E Nasdaq 100 Is Looking For A Bigger Recovery

Today we will talk about stocks, specifically NASDAQ100, a technology sector which is quite weak in the last couple of weeks, but it's still indicating for a bigger recovery in upcoming days/weeks.

nasdaq4h

What we see is a leading diagonal from the 12207 lows that can be followed now by a three-wave a)-b)-c) correction, ideally back to projected 50%-61,8% Fibonacci retracement and 12700 – 12500 support zone before we may see a bigger recovery up to 13300 area or higher.

The count would be invalidated only if we see a reversal back 12207 lows.

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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Youness 1 month ago Member's comment

no

Kurt Benson 1 month ago Member's comment

Youness, Why you do disagree?