The Nasdaq reached my primary expectation and achieved the minimum targets I set. If the index falls below the level of 13776 points, I assume that we are in the next intermediate correction, which should primarily takes place within the range of 13600 & 13400 points. But we could also see a deeper correction (as you can see in my secondary scenario) - A correction is needed for a bullish run!
In both cases it is important that the corrective movement is completed over 12954 points. Below that, we would have to look in the superordinate chart to a larger intermediate correction, which would also mean prices below 12609 points!
Conclusion: The Nasdaq can initiate its next intermedaite correction. However, I am only convinced of this if we sustainably fall below 13776 points. As long as the market can hold above this, nothing stands in the way of a further expansion of the current movement with direct new all-time highs.
H4:
45min:
In both cases it is important that the corrective movement is completed over 12954 points. Below that, we would have to look in the superordinate chart to a larger intermediate correction, which would also mean prices below 12609 points!
Conclusion: The Nasdaq can initiate its next intermedaite correction. However, I am only convinced of this if we sustainably fall below 13776 points. As long as the market can hold above this, nothing stands in the way of a further expansion of the current movement with direct new all-time highs.
H4:
45min:
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.