The upward momentum of the Nasdaq appears to be weakening. In the light of our primary scenario, this is to be welcomed, as the last all-time high should ideally be surpassed only marginally the price enters the well-deserved correction of its magenta-colored wave (ii). If the Nasdaq shoots significantly further north, the magenta-colored wave (iii) could already be developed; we assign a probability of 38% to this short-term bullish alternative.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.