#NQ100: SELL 23580, SL 23700, TP 23000 | 05 September 2025
05 September 2025, #NQ100
The local wave pattern for the NASDAQ index is becoming increasingly clear. It appears we are currently observing the development of a corrective pattern in the form of a converging horizontal triangle.
Such a pattern typically forms as the penultimate wave in an impulse, suggesting that the end of the prolonged upward movement is near. In the near term, we should see a rise toward the upper boundary of the pattern, followed by a reversal to the opposite side, completing the triangle formation.
After this, the final fifth wave of the upward impulsive movement will begin.
Trading in this situation can be considered on a pullback from the upper boundary, with targets on the opposite side.
Investment idea: SELL 23580, SL 23700, TP 23000.
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.
