Page 13 - Elliott Wave News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of NASDAQ Futures published in members area of the website. As our members know NASDAQ has recently made pull back that has unfolded as Elliott Wave Zig Zag pattern. It made clear 3 waves down from the February 12th peak and completed correction right at the Equal Legs zone ( Blue Box Area) . In further text we’re going to explain the Elliott Wave pattern and trading setup.

Nvidia has been awarded the flagship status of companies leading the artificial intelligence revolution, and all eyes turn to fourth-quarter earnings.

Short Term Elliott Wave View in Nasdaq (NQ) suggests that rally from 1.5.2024 low ended at 18121.5 as wave ((i)). Internal subdivision of the rally unfolded as a 5 waves impulse. Up from 1.5.2024 low, wave (i) ended at 17057 and pullback in wave (ii) ended at 16689.25. The Index then extended rally in wave (iii) towards 17793.50 and dips in wave (iv) ended at 17221.50. Final leg wave (v) ended at 18121.50 which completed wave ((i)).

Intensive 6 Week Stock Market Elliott Wave Training Course :: The Market Oracle ::

Rally from 2.1.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 2.1.2024 low, wave (i) ended at 159.14 and pullback in wave (ii) ended at 158.31. Pair extended higher in wave (iii) towards 159.92, and dips in wave (iv) ended at 159.36. Wave (v) higher ended at 160.26 which completed wave ((i)). Pair then pulled back in wave ((ii)) with internal subdivision as a zigzag structure. Down from wave ((i)), wave (a) ended at 159.32, wave (b) ended at 159.86, and wave (c ) lower ended at 158.89. This completed wave ((ii)) in higher degree.