Technical analysis

Nasdaq 100 Index Wave Analysis 8 July 2024

– Nasdaq 100 rising inside impulse wave 3

– Likely to test resistance level 20775.00

Nasdaq 100 index continues to rise inside the accelerated impulse wave 3, which previously broke the round resistance level 200000.00 (which stopped the previous waves (i) and i).

The active impulse wave 3 belongs to the higher order upward impulse wave (3) from the end of April.

Given the clear daily uptrend, Nasdaq 100 index can be expected to rise further to the next resistance level 20775.00 (target price for the completion of the active impulse wave 3 coinciding with the daily up channel from May).

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