E-mini NASDAQ 100: Three Waves Down Are Pointing Higher

By: Gregor Horvat | Wed, Apr 8, 2015
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Today we will take a look at E-mini NASDAQ100 June contract as this market seems to have a better and clearer structure. On the 4h chart below we see a three wave set-back from the highs, probably accomplished after recent strong upward reversal, back above 4350. We see rally from the low in impulsive fashion so we suspect that market will stay bullish, but be aware of a short-term retracement into wave 2-circled before going higher.

NASDAQ100 (June 2015) 4h Elliott Wave Analysis

NASDAQ100 (June 2015) 4-Hour Elliott Wave Analysis Chart

 


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Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

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