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GMR-Capital
Nov 10, 2023 12:45 PM

NAS100 - Going to blow off top? pt.3 

US 100 IndexFXCM

Description

Hello traders,
we outlined in previous posts
and
how we believe that nasdaq is completing a 5 wave structure up from October 2022 low, and wave 5 of this primary movement to the upside is beginning.
Wave 4 was convoluted and surprised retail buyers with a third lower low in a triple three correction before resuming uptrend with the first impulse of wave (5) (marked as 1 in the chart).
We are now looking for a three-wave structure to the green box to open long positions.
We will update below!
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