Amidst evolving market scenarios, understanding the NASDAQ Composite Index's trajectory is crucial. Utilizing Elliott Wave Analysis (EWA) sheds light on the rhythmic wave patterns dictating Nasdaq's path. Current wave counts indicate a mix of impulse and corrective phases, revealing a tug of war between bullish and bearish sentiments. By correlating EWA with fundamental data, this analysis aims to provide traders with a clearer picture of the market's potential direction, assisting in making informed decisions amidst prevailing market uncertainties.
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