#NQ100. Buy: 21940, SL: 20820, TP: 23500. | 10 February 2025
10 February 2025, #NQ100
A prolonged bull cycle is underway in the NASDAQ, and there are currently no signs of a reversal. On the daily chart, a complex upward impulse is likely developing. An initial diagonal triangle gave the start to the impulse, presumably being Wave (i). Then, after a brief corrective Wave (ii), the uptrend resumed. This rise is likely assuming the status of Wave (iii), having clearly visible internal elongation.
Currently, presumably, Wave (v) is being formed, which might turn out to be a terminal diagonal triangle. To complete this model, the formation of another bullish wave is necessary, which will lead to the establishment of another peak. The rise in Wave 5 of (v) may occur either in the upcoming week, or the price may attempt to continue forming the corrective Wave 4, and then the rise will begin after another downturn (this scenario is marked by blue lines).
The most favorable point for purchases will be the breakout above 21940.
Investment idea: Buy at 21940, Stop Loss at 20820, Take Profit at 23500.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
