In our recent analysis, we have mentioned that the Nasdaq 100 may finish the whole corrective structure labeled as “abc” after the previous impulse wave labeled as “1-5”. According to the Elliott wave theory after impulse wave and after correction the next impulse wave should occur.
Looking at the chart the next impulse is on the way supported by the possible inverted head and shoulders pattern. The neckline seems to be broken so the textbook target could be located above the previous top at 12465 pts.
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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.
81% 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.
Looking at the chart the next impulse is on the way supported by the possible inverted head and shoulders pattern. The neckline seems to be broken so the textbook target could be located above the previous top at 12465 pts.
________
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.
81% 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.
