Nasdaq: Out of Breath? 😮‍💨

10 Jan 2023

Instead of rising further North to exceed the resistance line at 12 145 points, it seems like someone is out of breath and choosing an easier road in the South. If the Nasdaq carries on with those downward tendencies and crosses the support line at 10 636 points, our alternative scenario with a probability of 40% will be activated. In that case, we would expect the course to drop into the turquoise target zone to complete the dark green wave alt.[4]. Primarily, we strongly believe that the Nasdaq fulfills the climb to the orange target zone to finish the orange wave iii. Followed by a minor correction in order to complete the orange wave iv, the course can rise up North again, once the orange iv reached its low.