In this Wave Revision my thinking is that we have just completed Wave (B) and are now in Wave (C). Given the target of this move, looking for a short stop is important for risk\reward. I have a similar idea on the Dow Jones however this market looks like it may just continue higher from here. see related ideas below. Wave Revisions are Pre-Planning\Analysis...
Watch my video and look out for buying opportunities. Price had a pull back to retest previous resistance but still respecting the uptrend structure.
In this wave revision I go through a few moments of disbelief so bear with with me. Or bull with me. It's probably bull. Why? because these markets are crazy. Don't take my word for it I just look at the waves. The first thing you should do when analyzing markets is ditch the biases because they are useless. Go with the trend as long as the waves confirm that...
This is what I am looking at today, if it doesn't play out, I will look for another entry point.
Here is my plan for the day, it's actually a redo because trading view didn't post my video earlier in the day.
I am looking out for a breakout and a retest on different zones to either go long or short. Quite a long video in comparison to others, but I trust it's worth it. Remember if you follow my advice to enter a trade, you are on your own. God bless
I am expecting a retest to the highs of last week and a possible correction to 10300 and if that breaks, 10100. Nasdaq is still in an uptrend so be careful when going short during correction.
Nasdaq is presently on all time highs and based on the charts, I see more gains for the bulls. Watch to see why !
Are you wondering what is going on right now? No problem we have you covered right here. See my related NASDAQ ideas to see how we got here. Please LIKE and FOLLOW to get notification of updates and future posts.