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US 100 Index

NDX Consolidation Pattern

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The primary wave count on the NDX is looking for a pullback into wave B at support levels 12567 for a wave C rebound. This is a catalyst for a healthy consolidation in the medium term and we expect this short term pullback to hold at wave (ii) support for a potential rebound into wave iii. Look to close out on existing -ve delta butterfly spreads once wave (B) support at 12567 is reached.
wallstreetsharks
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Beyond Technical AnalysisnasdaqNASDAQ 100 CFDWave Analysis

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Beyond Technical AnalysisnasdaqNASDAQ 100 CFDWave Analysis
wallstreetsharks
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.