Good evening traders,
My attempt at the NAS100 utilising price action and Wolfe wave principles. The NAS100 Chart reflect that a wave 4 is completed for the Wolfe Wave pattern and the next wave will end at 7441 which is wave 5 and finally wave 6 target is set at 7244.00 . Even thought the wave 4 is defined by me as completed there are a possibility for the point to go lower to be completed.
The following is my short term targets for NAS100.
Target Direction Price
1 Long 7352.00
2 Long 7441.00
3 Short 7352.00
4 Short 7244.00
Please bear in mind that the above is not advise and merely my perception of the market.