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 short increase to the orange line above where there is a resistance level. After that, I assume the Nasdaq will continue its downward movement. I also want to mention that the SMA 100 will most likely line perfectly up with the orange line and act as extra resistance.
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 short increase to the orange line above where there is a resistance level. After that, I assume the Nasdaq will continue its downward movement. I also want to mention that the SMA 100 will most likely line perfectly up with the orange line and act as extra resistance.
