NASDAQ - THE NEXT STEP
Updated
NASDAQ:
The next step has to come. The Nasdaq also took a break and went through a slight consolidation phase yesterday. He was about to hit the first resistance at 13,818 ..
The Nasdaq has to exceed this level for my scenario to take place with a high degree of probability. Currently I would say that the probability is 60%.
But the current weakness also shows that alternative 2 must not be forgotten yet. This alternative would mean that we will see prices at 12,600 again. That would be the case if we fell below 12915. In the current scenario, this cannot be ruled out because we are still below 13,818! For this scenario, however, I see a lower probability.
In the closer view everything looks intact to me. In the 30min chart you can see a yellow box. We could correct in this price range before running to 13,818 again. The nasdaq currently only needs a little oxygen;)
Summary:
Only with an increase above 13,818 we get strong confirmation that we will continue to increase. If we exceed this level, we can attack 14064 again. Overall, there is also the possibility of achieving my overarching price target (15,200). But keep in mind that this does not take place without countermovements.
H1 chart:
30min chart:
The next step has to come. The Nasdaq also took a break and went through a slight consolidation phase yesterday. He was about to hit the first resistance at 13,818 ..
The Nasdaq has to exceed this level for my scenario to take place with a high degree of probability. Currently I would say that the probability is 60%.
But the current weakness also shows that alternative 2 must not be forgotten yet. This alternative would mean that we will see prices at 12,600 again. That would be the case if we fell below 12915. In the current scenario, this cannot be ruled out because we are still below 13,818! For this scenario, however, I see a lower probability.
In the closer view everything looks intact to me. In the 30min chart you can see a yellow box. We could correct in this price range before running to 13,818 again. The nasdaq currently only needs a little oxygen;)
Summary:
Only with an increase above 13,818 we get strong confirmation that we will continue to increase. If we exceed this level, we can attack 14064 again. Overall, there is also the possibility of achieving my overarching price target (15,200). But keep in mind that this does not take place without countermovements.
H1 chart:
30min chart:
Note
Resistance:
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