The situation with the NASDAQ 100 index continues to develop according to the previously discussed wave scenario. Currently, the final wave 5 appears to be forming, which, judging by the structure, is taking the shape of a terminal diagonal triangle.
Within this pattern, the first two waves have already formed, and the market is now working on the third wave. If this interpretation is correct, there is now an excellent opportunity to enter long positions. The targets for these trades lie near the projected upper boundary of the pattern.
Investment idea: BUY 23500, SL 23200, TP 24300.
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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Bob Stan
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