Nasdaq Composite

28 Feb 2018 ‚óŹ 04:17 AM

The Nasdaq Composite stopped at the level discussed yesterday. If wave B is complete then wave C extended by 1.618 times would point a lot lower to 6030. from 7330 yesterday. Wave B is mostly complete but on hourly charts I cannot rule out one last attempt to a minor new high in a complex structure, like a-b-c-x-a-b-c. Now you cannot fine tune too much and as mentioned yesterday the risk reward at near the highs is skewed in favor of bears here.

nasdaq 280218

Comments (0)


Latest Articles