NASDAQ - TRIANGLE!

٣ أغسطس ٢٠٢١

In the NASDAQ I cannot see any new intermediate highs so far, which presents a corrective character of a triangle. I assume that the triangle is the wave (4). As long as we are within the triangle, the upward movement is intact and I expect prices in the 15600 area in the next step. Should we leave the triangle below and go below 14789, we will see larger sell off (also coming below 14445!). So that the upward movement remains intact, the 14708 mark should not be undercut. I´m still in good spirit that the upward movement will continue. I assume that we will hit the lower edge of the triangle again before reaching new all-time highs.

H1:


Kassa wolfe wave: