Stocks Bullish Trend: AAPL, AMZN, NVDA, TSLA, GOOGL, META, NFLX, MSFT - Monday, January 29
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NASDAQ Stock market Elliott Wave analysis and trading strategies: Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL)
Stock Market Analysis: The present market scenario indicates that Wave (iv) of iii) of 3 is nearing its completion, displaying distinct patterns with leaders and followers. Long trades are strategically derived by identifying new highs or leveraging Classic Trading Levels Patterns (CTLP) as viable setups. The recent soft closing on Friday prompts a cautious outlook for Monday's market opening.
With the soft Friday closure, the expectation is for a flat start on Monday, followed by a gradual ascent into Tuesday and the remainder of the week. Traders are advised to approach the start of the week vigilantly, adjusting positions accordingly. If Monday indeed begins with a flat tone and subsequently exhibits an upward trajectory, maintaining positions may become a prudent strategy, aligning with the evolving market dynamics and the ongoing wave count, specifically Wave (iv) of iii) of 3.
Video Length: 00:24:20
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Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817