Nasdaq 100 May Face A Higher Degree Correction Soon

Gregor Horvat
Gregor Horvat
Forex Technical Analyst •

Nasdaq 100 may face a higher degree correction from technical point of view and by Elliott wave theory.

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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.

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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) 

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Also Mentions:
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