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Nasdaq index analysis in medium term time frame
The important and main number is 16000, if the price is above this number and by maintaining this number, it will continue to climb towards the target of wave 5 to the range of 16400 and 17000.
And if the price falls below 16,000 and keeps this number as a resistance, there is a possibility of a correction down to the range of 15,450, which can again rise from this number to continue the target of wave 5.
Nasdaq index analysis in medium term time frame
The important and main number is 16000, if the price is above this number and by maintaining this number, it will continue to climb towards the target of wave 5 to the range of 16400 and 17000.
And if the price falls below 16,000 and keeps this number as a resistance, there is a possibility of a correction down to the range of 15,450, which can again rise from this number to continue the target of wave 5.