The NAS100 index is currently moving within a classic Elliott Wave structure. After completing wave (3), the market entered a correction phase that formed wave (4). This correction appears to have ended in the highlighted support zone, where buyers stepped in strongly. The five-wave pattern before wave (4) confirms a solid bullish trend. Now, the index seems to be preparing for the final upward move wave (5). This wave often represents the last push of a rally before a larger correction starts. As long as the price stays above the recent support near 24,400, the next targets could be seen around 25,200–25,600. In simple terms, the market is expected to continue its uptrend after a short pullback, following the typical Elliott Wave sequence of five upward waves and three corrective ones.
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