Nasdaq 100: Near-term Projection
Updated
Hi everyone,
Just to share a near term forecast for the Nasdaq 100, where I expect the price to fall to near 14.55k within the next day.
This is supported by:
1) Wave C projection: 100% of Wave A
2) Wave iv-v (C) projection: 50-61% of wave i-iii (C)
3) MACD: near prior inflexion point on 1hr time frame
I expect this to be strong support, and price to then test at least the 24% internal Fibonacci level (14.9k),
Good luck!
Just to share a near term forecast for the Nasdaq 100, where I expect the price to fall to near 14.55k within the next day.
This is supported by:
1) Wave C projection: 100% of Wave A
2) Wave iv-v (C) projection: 50-61% of wave i-iii (C)
3) MACD: near prior inflexion point on 1hr time frame
I expect this to be strong support, and price to then test at least the 24% internal Fibonacci level (14.9k),
Good luck!
Note
I think the low has now been reached, and we should expect an uptrend from here to at least the internal Fibonacci level near the 14.8-14.85k range.
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