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Nasdaq (NQ) shows a 5 swing sequence from August 18, 2023 low favoring further upside. 5 swing is a motive sequence and the Index therefore likely extends higher. The rally from August 18 low is unfolding as a diagonal Elliott Wave structure. Up from August 18, wave 1 ended at 15418 and pullback in wave 2 ended at 14751.7. The Index extended higher again in wave 3 towards 15661.25 and wave 4 pullback ended at 15158. Internal subdivision of wave 4 took the form of a zigzag. Down from wave 3, wave ((a)) ended at 15454 and wave ((b)) rally ended at 15586. Wave ((c)) lower ended at 15158 which com...
A popular crypto trader says that the US Dollar Index (DXY) is on the verge of a major dip after a multi-month rally. Pseudonymous analyst Bluntz tells his…
Ashish Kyal expects consolidation or minor retracement in midcap, smallcap indices, but it will be an opportunity to enter into the stocks that have shown leadership role during the rise.
Platinum (PL) is still correcting cycle from 9.1.2022 low and the correction is unfolding as a double three. In this article, we will update the longer term Elliott Wave outlook for Platinum. We also present an alternate view if the pivot at September 2022 low (803) fails, which suggests a bigger correction against March 2020 low remains in play. In the higher time frame, the metal is in a bullish grand super cycle move higher against March 2020 low.