Ixic_trade
NASDAQ : IXIC to bounce back Quickly to be in Parallel ChannelI'm expecting some bounce back in NASDAQ:IXIC as per my Technical Analysis.
It has moved out of Parallel Channel which it was following since start of this year. It is currently following a downward trendline. On Upside, it can touch levels of 11384 really quick, as bounce from current levels would be sharp.
Chances of fall looks bleak, but if it does then it should follow downward parallel channel and as per Fibonacci Retracement it should touch levels of 10268 not before July 29th.
Goodtime to put money in Quality Megacap stocks of NASDAQ like NASDAQ:AAPL NASDAQ:MSFT NASDAQ:INTU .
NQLikely has another correction to finish before the 4th wave bottom is confirmed, a rejection has happened off the LT channel bottom TL and now the Vix has some momo on the daily chart. I expect a double bottom type move b4 grinding higher to capitulate the last of the bear market is here now and sell everything gang that has been running the markets since Feb 2022.
GL guys big mike loves u.
Nasdaq (IXIC) | The best target for correction♻️Hello traders, Nasdaq (IXIC) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this index, the waves have ended in a higher stage than other indicators and have started to correct in a higher stage.
In this index, waves 1, 2 and 3 are over and correction for wave 4 has started.
If we want to compare Wave 4 with Wave 2, we must say that Wave 4 will have a shallow correction, but its current structure is not like this and it gives the possibility of deepening.
Wave 4 is likely to form in the form of a zigzag, and this zigzag will take a long time to complete like a flat.
We are still inside wave a of this zigzag and we thought wave a would be completed on Fibo 0.38.
From wave a, the microwaves 1, 2, 3, and 4 are over, and wave 5 has another drop to 0.38 for Fibo.
Correction begins after the trend line is broken.
If the specified warning range is broken upwards, the corrective structure is different.
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Nasdaq (IXIC) | The best scenario for the fallHello traders, Nasdaq (IXIC) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
It seems that this wave that we examined is the last wave of wave 3 in higher times.
Based on the counting of waves 1, 2, 3, 4 and 5, we have completed and entered a new phase of correction. This correction will be more in terms of time than price.
Because by examining the previous waves, we can see that a wave was formed very deeply and at the same time in a very short time.
Because we are early in the correction, it is not possible to find a suitable fibroid target, but it is possible that the first movements near the end of wave 3 will occur at the end of wave 4 or 5.
This move is confirmed if the trend line is completely broken.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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IXIC technicaly based forecast
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 IXIC technicaly indicators showing we can expect higher bulish market continuation, FIBO 0.5 which is in some cases stong supp is breaked, strong bulish candels foramtion, expecting to see break of FIBO 0.6 and push up in price till second trend line.
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