How To Use Elliott Wave In 2021 NASDAQ 100 Index
How To Use Elliott Wave In 2021
NASDAQ 100 Index
The Elliott wave wave principle allows wave
traders to look inside the price structures
instead of just looking at the chart. This
video will help one to improve Elliott wave
forecast of the NASDAQ 100 in 2021.
Technologies stocks have dominated the
financial markets in recent years. Therefore,
it is paramount that the market players; both
traders and investors keep eyes on the
NASDAQ-100 index throughout 2021.
Indeed, the NASDAQ 100 index is one of the
most powerful indicators that will alert one
that hates to lose like a donkey.
I have reviewed my previous waves count and
this is what I come up with. Please feel free to
disagree with my wave analysis, but do compare
yours to mine to avoid mistakes. That is the best
thing to do and never take my forecast like a
scientific formula. Alright?
Using the TC 2000 charting software on the monthly
chart, I have highlighted five motive waves with question
marks on both the 4th and 5th waves.
First wave started on 30 June 2010 and ended 31 March 2011.
Second wave is from 31 March to 30 Nov 2011.
The third wave is subdivided into five minor waves that
start on 30 Nov 2011 to 29 March 2018.
The fourth wave with a question mark is from 29 March 2018
to 31 March 2020.
The fifth wave also with a big question mark began on 31 March
2020 and in my opinion is still going on.
Note that because those question marks on both 4th and 5th
waves, one must proceed with caution because anything is
possible as the markets are trying to show their hands. Right?
What Can I Say To Traders Today?
1/ Priority to bullish signals above $7891.
One can not afford to ignore that key level at this stage.
Please write it on your hands so you do not forget it.
Draw it also on your chart and leave it there. All good?
2/ If that key level at $7891 serves well as a valid support,
then we will be expecting a bullish continuation that will
steadily bring the NASDAQ 100 index to my greedy
price target at $8981. That remains to be seen. Alright?
3/ May be an expanded flat correction will follow that
5th wave. If that is the case then its B-minor-wave will
bring the NASDAQ 100 index in the zone of the 138.2%
Fibonacci extensions of that 5th wave.
4/ I recommend that wave traders draw all the channels
as I did on my monthly chart because without mapping
the chart one may miss other details.
5/ Right now we are looking forward to seeing one last
push from that $7891 to $8981. The price may never do it.
Please fasten your belts ang hang on tightly.
6/ In due course, I will be back updating you guys about
what my eagle's eyes have spotted.
7/ May GOD himself save the markets' bulls if NASDAQ 100 index
could find a support around that 7891 and dips and stays below it.
Mapping Out The Chart
Please just follow my cursor on the chart as I am using
different times frame (monthly, daily, hourly and 10M).
That will do for today wave traders.
If this is another useless wave trading video that you have come
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