The NASDAQ index continues to slowly “die” in terms of volatility. However, this calm, as has been repeatedly pointed out, is before the storm in the form of a strong directional movement. It is expected that the price will rise to complete the formation of the final wave 5 in the forming upward impulse.
This upward movement is likely the final upward movement before the reversal. The price may be preparing for a decline. However, while there remains some potential in the upward movement within wave 5, it is worth considering the possibility of entering buy trades.
Investment idea: BUY 23100, SL 22900, TP 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.
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David Johnson
Analyst of «FreshForex» company
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