NQ100. Buy: 21950, SL: 20820, TP: 23500. | 11 February 2025
11 February 2025, #NQ100
Calm prevails in the stock market. While the NASDAQ index is generally in a confident bull trend, it is specifically forming a kind of corrective structure. The rate continues to hover near the upper range of the forming sideways channel, but does not hurry to break through. There is every reason to assume that in the near future we will see a downward movement, so there is no need to rush into making trading decisions yet.
Although if the price manages to consolidate above 21950, we may see further growth, which will be driven by the formation of Wave 5 of (v) of the upward impulse.
Thus, in the current situation, it is recommended to wait for a breakout above the level of 21950 and look for buying opportunities. Considering opening sell positions is highly questionable and risky.
Investment idea: Buy at 21950, 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.
