$IXIC
Added 2024-01-06 04:41:24 +0000 UTCThe NASDAQ Composite index here looks very similar to the $SPY and $QQQ and experiencing its own pull back right now.
The Fib levels here in green also align with its important Moving Averages, paying particular attention to the 200 Day MA moving up to the 0.618 Fib over the next few trading sessions.
Which ever market pulls back in the most controlled manner and preferably as low as possible along our 0.38 - 0.618 Fibs, they should be worth considering a position to catch the next move up for Subwave 3 of Wave 5.
Comments
It does not need to hit the Wave 4 leg another time
Gareth Neary
2024-01-07 18:35:32 +0000 UTCis it practical to pull back to wave 4 target before pushing higher?
Ram S
2024-01-06 21:21:10 +0000 UTC
