ET-Invest

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My point of view on the next 12 months for Nasdaq using elliot wave theory. I hope someone can find some inspiration in this and/or use it.

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The Nasdaq has bounced of the 0.618 fibonacci and strong support trendline from 2011. If it can break the counter trend-line, then we could see a reverse in the market sentiment.

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My future projection on Nasdaq. I have highlighted some of the potentiel support and resistance levels and they line up nicely with the larger trendlines.

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Hi everyone, I hope everyone is doing well. I wanted to give a quick update on Nasdaq and my prediction for the next month or two. I believe Nasdaq is taking the foot off the pedal as we can see through indicators such as MACD and RSI on the daily chart. I think the Nasdaq will push up towards the 15355 area or 15240 before going into a correction. The Nasdaq is...

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Waow the Nasdaq is moving very interesting at the moment. I'm still expecting the Nasdaq to correct to around the level of 14.000 before starting wave 5. I linked my last post with some more thoughts on the matter. In the last couple of hours of the trading session, Nasdaq picked up great upwards momentum, as we can see in the large green candlesticks. I expect a...

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Hi everyone, we broke last week the uptrend channel as well as moved below some important moving averages. I believe we are now in for a small correction before the market can continue upwards. I have highlighted some of the possible U-turn areas with Fibonacci extensions. I have also highlighted a potential new downtrend channel.

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Nasdaq has now finally completed the full impulsive wave. We were spot on with all waves from 1-5th wave. Now we can expect a ABC correction wave before entering a larger impulsive wave upwards or downwards. I have highlighted the ABC wave and the most likely outcomes in my opinion. As of right now I think the ABC wave is gonna end at 14375, but it can easily end...

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I have explained in greater detail my projections and ideas about NASDAQ in my previous post. The NASDAQ is about to hit the fib support level of 0.618 . Aligning with this level at the price 13990 is the yellow uptrend line, where the market already has bounced multiple times. In addition, we have the MA 200 line which also will grant support. So all in all...

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Hi everyone, I usually don't trade with commodities that often, but this situation couldn't be ignored. Gold has been in an uptrend for the last one and a half months (this was wave 1), and now has corrected severely to a fib level of 0.382, which is incredibly low for a wave 2. I see this level to be the turning point and start of the wave 3. We have a very...

ET-Invest Updated 

Hi everyone! I have got a quick update since I last posted about a week ago. We are still underway going through the fifth wave and looking for the Nasdaq to hit one or more of our potential targets. We hit the first target of 13990 at Fibonacci level 0.618. The next target is 14315 at the Fibonacci level 1 and our last potential target is 14850 at Fibonacci...

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Hi everyone. I quick update on the Nasdaq chart and the current situation and projection. The Nasdaq has now completed wave 4 and bounced on the support level of Fibonacci value 0.618. We can now expect a wave 5 on the way. This wave will be shorter than usual due to wave 3 not being greater than wave 1 by 1.618. Wave 5 will take place over a longer period of...

ET-Invest Updated 

The NASDAQ has finally after some consolidation reached the fibonacci support level 0.786 at 13600 and hereby most likely completed a very short wave 4. Since wave 3 was not greater than wave 1 by 1.618, wave 5 will be based on the length from wave 1 to 3 instead of the usual length of wave 1. We also have a strong support from the 200 moving average indicator...

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Nasdaq forecast for the next month.

ET-Invest Updated 

I believe the Nasdaq is about to push the last wave upwards before we will see a correction in order to keep going higher. We still have 2% more to go upwards, until we hit fib lvl 1.618. I have highlighted the two options, where I believe a reverse will most likely occur. This is at 13685 or 13450, where there is a Fibonacci support and trend line support created...