Nasdaq 100 index has almost wiped out the whole plunge from the first quarter. The market during the rebound has been creating a potential Elliott wave structure. We may easily count the five subwaves within the whole impulse wave.
What is more the recent fifth wave also consists of five subwaves. The market also has reached a potential resistance set by the line drawn through the tops and 61,8 Fibo expansion of wave 1.
The correction, with potential target at the bottom of wave 4, may appear now or never. If the bulls won’t be stopped till the end of the week we could prepare ourselves for the all time high.
Info: Conotoxia Ltd. with a revolutionary offer for clients trading on Indices - spread starting from 0.4 on selected Indices such as US500 or US100. On popular DAX , the spread is only 0.7 without any additional commission. This spectacular offer includes 11 CFDs on indices.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
What is more the recent fifth wave also consists of five subwaves. The market also has reached a potential resistance set by the line drawn through the tops and 61,8 Fibo expansion of wave 1.
The correction, with potential target at the bottom of wave 4, may appear now or never. If the bulls won’t be stopped till the end of the week we could prepare ourselves for the all time high.
Info: Conotoxia Ltd. with a revolutionary offer for clients trading on Indices - spread starting from 0.4 on selected Indices such as US500 or US100. On popular DAX , the spread is only 0.7 without any additional commission. This spectacular offer includes 11 CFDs on indices.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.