#NQ100: SELL 23800, SL 23900, TP 23300 | 16 August 2025
16 August 2025, #NQ100
The index is confidently implementing its own plan. The price is growing systematically, but the recent pullback may hint that confidence in further growth is not as strong. For this reason, it would be worth considering a scenario where growth will soon end and the price will move down.
In this case, we may currently be observing the formation of wave 5 in an upward impulse, taking the form of a terminal diagonal triangle. Only the first wave has been formed in this pattern, and in the near future, sellers will need to make significant efforts to push the price down, after which things will become much more interesting.
Thus, it is necessary to monitor how the price behaves in the near future, and simultaneously, it is worth trying to cautiously sell at current market levels.
Investment idea: SELL 23800, SL 23900, TP 23300.
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.
