NASDAQ - BUY IDEA
The US100 (NASDAQ) 45-minute chart indicates a potential long setup based on the Elliott Wave analysis. The chart shows the market possibly completing a corrective wave (4) and now heading higher in wave (5). The targets for wave (5) are at the 1.000 extension level of 19,992.4 and the 1.618 extension level at 20,551.7.
This suggests a bullish outlook for the NASDAQ in the near term. Traders might consider long positions, targeting the 19,992.4 and 20,551.7 levels as potential take-profit zones, assuming the wave count is accurate and the uptrend continues.
This suggests a bullish outlook for the NASDAQ in the near term. Traders might consider long positions, targeting the 19,992.4 and 20,551.7 levels as potential take-profit zones, assuming the wave count is accurate and the uptrend continues.
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