shamgar331

Nasdaq to $16,514 by Nov 3 or $16,744 by Dec 27

Long
NASDAQ:NDX   Nasdaq 100 Index
Dark green arrow shows we just finished wave 4 - ABC zigzag correction and are heading to a 1.618 reverse fib(wave 3 to wave 4) advance to a high of $16514. If the trend follows the channel and fib levels, it seems to converge around Nov 3, 2021

alternatively, light green , if we see a decline below wave C at $14400 a double zigzag is forming and a new low at $14000 (blue line Oct 22 - which is also support of wave 5 and wave B) leading to an aggressive impulse taking us to $16744 near Dec 27
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.