Nasdaq 100 May Face A Higher Degree Correction Soon

Candle Stick Chart Investing Illustration Bullish Uptrend Suitable Stock Exchange — Stock Vector

Image Source: DepositPhotos
 

Nasdaq 100 is trading in an impulsive recovery since October 2022 and it's ideally unfolding a five-wave bullish cycle. Currently it can be actually trading in final stages of wave (5) of 3, so be aware of a new higher degree wave 4 correction, but there can be still room up to the channel resistance line and 17k-18k area before we will see a corrective slow down.

(Click on image to enlarge)

nasdaqD

For a detailed view and more analysis like this you may want to watch below our latest recording of a live webinar streamed on January 15th:

Video Length: 00:29:12


More By This Author:

Bitcoin May Slow Down Within A Higher Degree Correction Soon
US Dollar May Stay In A Correction After The US CPI Inflation Report
GBP/AUD Steps In A Temporary Corrective Recovery

 For more analysis visit us at www.wavetraders.com and make sure to follow us on Twitter (https://twitter.com/GregaHorvatFX) 

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with