Zooming out, NDX looks strong, as per EW rules the 5th wave must match the 1st wave in both time and %.
That said fomo can obviously send the 5th much higher and also terminate the trend earlier.
But for now in respect to the fact that EW is not a crystal ball ,
I would say that since I am counting the 4th wave finished on the week June 13th 2022 the bulls have until July 2023 to finish the 5th wave at my projected target of 18,600.
(not accounting for any Fomo)
Also I expect a correction soon back to 12,300 or there about to make the LTF daily chart W2.
That said fomo can obviously send the 5th much higher and also terminate the trend earlier.
But for now in respect to the fact that EW is not a crystal ball ,
I would say that since I am counting the 4th wave finished on the week June 13th 2022 the bulls have until July 2023 to finish the 5th wave at my projected target of 18,600.
(not accounting for any Fomo)
Also I expect a correction soon back to 12,300 or there about to make the LTF daily chart W2.
If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
If your interested in joining my group DM me for the link. We do Elliot Wave TA give trade signals and set ups. We have channels for all cryptocurrency and also many OTC stocks. TY
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.