From the high recorded 22th Novermber,2021 Nas 100 declined in a 5-3-5 pattern taking a form of a zig zag to 16th June 2022, The rally from 16th june has been corrective in nature ,unfolding in a zig zag and retraced to the 0.5 fib level of the decline thus giving early indication that the entire decline from record high is a taking the form of a complex correction. The reversal from the 13739.4 peak has been in five waves (Impulse) indicating that the rally is complete and the decline has resumed. The resumed decline has been impulsive wave (five wave), after which a correction is expected, on the daily chart the market yesterday closed with a PIN BAR giving a sign that the market will now be bullish short-term, correcting the impulsive wave (five wave) to a fib target rang of 0.618 to 0.786 before the decline resumes. Keeping in mind that the market is the final arbiter, an aggressive decline below the 12007.8 price will invalidate our bullish short term forecast, a move above the 13739.4 will indicate the that wave X is not yet complete and will target the 14363.1 to 16254.9 price target before the decline resumes.
NOTE: X waves are usually complex, and can has many variaties it can unfold into, i will be updating has the market unfolds.
Kindly leave comments of what you think about nas 100
NOTE: X waves are usually complex, and can has many variaties it can unfold into, i will be updating has the market unfolds.
Kindly leave comments of what you think about nas 100
交易結束：達到停損點
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