The market is still moving inside a well-respected long-term ascending channel that started in late 2022. From a NeoWave perspective, the current rally looks more corrective than impulsive, suggesting the market may be approaching the final stage of a larger Wave C structure.
Price is now testing the upper boundary of the channel, where momentum exhaustion and overlapping price action are becoming visible. This area could act as a major resistance zone.
Main scenario: One final push higher is still possible, but unless price achieves a strong breakout above the channel, the probability of a medium-term correction remains high.
Potential path: After completing the current structure, NASDAQ 100 could rotate back toward the middle or lower part of the channel, with the 23K–24K zone becoming an important target area.
Key NeoWave signals: • Corrective and overlapping structure
• Rising channel resistance
• Signs of momentum exhaustion near highs
As long as the upper channel is not decisively broken, the higher probability scenario remains: Final upside exhaustion → corrective decline.
#NASDAQ #US100 #NeoWave #ElliottWave #TechnicalAnalysis #CryptoPilot
Price is now testing the upper boundary of the channel, where momentum exhaustion and overlapping price action are becoming visible. This area could act as a major resistance zone.
Main scenario: One final push higher is still possible, but unless price achieves a strong breakout above the channel, the probability of a medium-term correction remains high.
Potential path: After completing the current structure, NASDAQ 100 could rotate back toward the middle or lower part of the channel, with the 23K–24K zone becoming an important target area.
Key NeoWave signals: • Corrective and overlapping structure
• Rising channel resistance
• Signs of momentum exhaustion near highs
As long as the upper channel is not decisively broken, the higher probability scenario remains: Final upside exhaustion → corrective decline.
#NASDAQ #US100 #NeoWave #ElliottWave #TechnicalAnalysis #CryptoPilot
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🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
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📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.