Technical analysis

Nasdaq-100 Wave Analysis – 19 October, 2021

Nasdaq-100 Wave Analysis – 19 October, 2021

• Nasdaq-100 broke resistance area

• Likely to rise to resistance level 15750.00                                                        

Nasdaq-100 index recently broke the resistance area lying between the round resistance level 15000.00 (which stopped the previous impulse wave (i) at the start of October) and the 50% Fibonacci correction of the ABC correction 4 impulse from the start of September.

The breakout of this resistance area accelerated the active impulse wave (iii), which belongs to the higher-level impulse waves 3 and (3).

Nasdaq-100 index can be expected to rise further toward the next resistance level 15750.00 (target price for the completion of the active impulse wave (iii)).

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