NASDAQ - BUY IDEA
Looking at the NASDAQ 30-minute chart, we see a potential for a strong bullish move. The price action has completed a corrective wave (4), and now the market seems poised to embark on a new upward impulse wave (5).
Key targets to watch for this bullish continuation include the 0.618 Fibonacci extension level at 20028.5, the 1.0 level at 20374.2, and the 1.618 extension level at 20933.5. These levels mark potential areas where the market might find resistance or take a breather before potentially moving higher.
This setup offers a compelling long opportunity, with these Fibonacci levels providing clear targets to aim for as the market progresses through this next bullish phase. It’s a strategic moment to consider entering the market and riding the wave up as it unfolds.
Key targets to watch for this bullish continuation include the 0.618 Fibonacci extension level at 20028.5, the 1.0 level at 20374.2, and the 1.618 extension level at 20933.5. These levels mark potential areas where the market might find resistance or take a breather before potentially moving higher.
This setup offers a compelling long opportunity, with these Fibonacci levels providing clear targets to aim for as the market progresses through this next bullish phase. It’s a strategic moment to consider entering the market and riding the wave up as it unfolds.
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