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US Nas 100
Long

Nasdaq Equality Test

By Tickmill
Broker
The Nasdaq is in the process of correcting the rally from mid May, the C wave equality objective is sited at 14516, with the 50% retracement just below at 14321, coinciding with projected ascending trend line support, watch for bullish reversal patterns to develop in this area to set long positions looking for upside extension through prior cycle highs enroute to an eventual test of projected ascending trend line resitance above 16200
Harmonic PatternsnasdaqnasdaqlongTrend AnalysisWave Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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