NASDAQ 100 Elliott Wave Update – Wave (5) in Play?

22 Nis

NQ1!
📊 NASDAQ 100 E-mini Futures – Elliott Wave Analysis
🗓️ Weekly Chart – April 2025

The NASDAQ 100 appears to have completed an ABC corrective pattern, marking the end of wave (4). A bullish move toward wave (5) is now projected, with a potential target zone highlighted in yellow:

🎯 Target 1: 32,291 (100% extension)

🎯 Target 2: 38,678 (127% extension)

This zone marks the Fibonacci projection for the fifth wave, based on the Elliott Wave principle. The bullish structure remains valid as long as the key support at 16,551 holds.

🔎 Key things to watch:

Confirmation of a reversal at wave (C) low

Increasing volume on upward moves

Momentum indicators like RSI / MACD

8 May

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