Analysis:
The NASDAQ100 appears to be following a classic 5-wave structure.
Currently, we are finishing Wave 3, with an expected corrective move toward the 50% Fibonacci retracement zone near 19,018.7.
From there, the chart suggests a continuation toward the 19,879 area (close to the daily 200 EMA) and, finally, toward the 20,866 target, completing the cycle.
Key zones:
Support: 19,018.7 (50% Fibo and strong structural level)
Resistance: 19,879.1 and 20,866.2
Additional levels: Daily 200 EMA and previous structural gaps
The path won't be in a straight line — expect consolidation and pullbacks along the way. However, the bullish projection remains intact as long as the 19,018.7 support holds.
Let's keep riding the wave! 🌊
The NASDAQ100 appears to be following a classic 5-wave structure.
Currently, we are finishing Wave 3, with an expected corrective move toward the 50% Fibonacci retracement zone near 19,018.7.
From there, the chart suggests a continuation toward the 19,879 area (close to the daily 200 EMA) and, finally, toward the 20,866 target, completing the cycle.
Key zones:
Support: 19,018.7 (50% Fibo and strong structural level)
Resistance: 19,879.1 and 20,866.2
Additional levels: Daily 200 EMA and previous structural gaps
The path won't be in a straight line — expect consolidation and pullbacks along the way. However, the bullish projection remains intact as long as the 19,018.7 support holds.
Let's keep riding the wave! 🌊
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.