#NQ100: BUY 19800, SL 19300, TP 24000 | 12 March 2025
12 March 2025, #NQ100
The NASDAQ index continues its confident decline. Sellers have managed to break through an important level in the form of a trendline and are now trying to consolidate beneath it. Buyers need to respond to this somehow. It is quite possible that in the near future, we will see an attempt at growth.
It is not ruled out that the corrective decline, driven by the development of Wave 4 of (v), is either already complete or about to finish. Then, the long-awaited Wave 5 will begin to form, which will once again update the historical maximum.
Opening buy trades in this situation is recommended when the price returns above the previously breached trend line.
Investment idea: BUY 19800, SL 19300, TP 24000.
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.
