NASDAQ100 is trading in an impulsive recovery since October 2022 and it’s ideally unfolding a five-wave bullish cycle. Currently it can be actually trading in final stages of wave (5) of 3, so be aware of a new higher degree wave 4 correction, but there can be still room up to the channel resistance line and 17k-18k area before we will see a corrective slow down.
For a detailed view and more analysis like this you may want to watch below our latest recording of a live webinar streamed on January 15th:
Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
Read the full article here