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forextidings

Nasdaq Composite and EWT

Long
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
forextidings  
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Analysis Fibonacci Elliott Wave nasdaq nasdaqsignals nasdaqanalysis freesignals indexsginals elliottwaveanalyis Fibonacci Retracement
5
0
trendanalysis fibonacci elliottwaves nasdaq nasdaqsignals nasdaqanalysis freesignals indexsginals elliottwaveanalyis fibonacciretracement
It's a daily chart of NASDAQ, and it has made an Elliott wave pattern. The 4th wave has been completed. And the fifth wave is remaining.

The fifth is in the making process. As per the rules of Elliott wave theory, the fifth wave will hit the 0.618 level, which I have found by using Fibonacci of 1+3. Hence, it will march for the following level 12700 - 12800.

Nasdaq Composite may collapse (up to support trendline) for the following levels before turning up.

Downside levels: 11860 - 11600
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