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kalio5
Apr 5, 2021 2:50 PM

Nasdaq Near Term Forecast: New high? Long

US 100Currency.com

Description

Hi Everyone,

Just to share an update on the Nasdaq 100.

Based on the prior forecast, the wave 3 is extended but I'd be surprised if it broke above 13.6k resistance.

My expectation is for a back-test around 13.35k to complete wave 4.

Assuming Wave 5 reaches the high probability 61% Fibonacci of Wave 1-3, I would expect an eventual new Nasdaq 100 high at around 14k.

This is slightly higher than the initial target of 13.7k forecasted a week ago.

Good luck!
Comments
lieven_mestdagh
And now ? @kalio5
kalio5
Just published a new projection a few minutes ago!
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