Hey guys,
i worked on my chart again and created a multi timeframe analysis.
The Nasdaq is alive!
The Nasdaq seems to have awakened from its correction phase (ABC). With yesterday's increase, new intermediate highs were achieved. So we are on the way to attack the 13,818. I expect strong resistance there, which, if overcome, will provide further confirmation that the correction is over. Basically, overcoming this resistance would be a confirmation that we are on the way to seeing prices beyond the 14,064!
It remains to be seen if the market will stick to my structure. Overall, the movement has a target of around 15,300!
At this point in time, there is still a possibility that the bearish scenario could materialize. However, the probability is already below 40% that this bearish scenario will occur.
The nasdaq is fine!
H1 chart:
30min chart: (sub-waves)
i worked on my chart again and created a multi timeframe analysis.
The Nasdaq is alive!
The Nasdaq seems to have awakened from its correction phase (ABC). With yesterday's increase, new intermediate highs were achieved. So we are on the way to attack the 13,818. I expect strong resistance there, which, if overcome, will provide further confirmation that the correction is over. Basically, overcoming this resistance would be a confirmation that we are on the way to seeing prices beyond the 14,064!
It remains to be seen if the market will stick to my structure. Overall, the movement has a target of around 15,300!
At this point in time, there is still a possibility that the bearish scenario could materialize. However, the probability is already below 40% that this bearish scenario will occur.
The nasdaq is fine!
H1 chart:
30min chart: (sub-waves)
