NASDAQ Opening On 10th April
NASDAQ Opening On 10th April
I have given three possibilities on the NASDAQ. Multiple possibilities always arise at every nodal point. POSSIBILITY ONE Here we have wave IV (cycle wave ) completed and wave V is on. Within the ongoing wave V, we have wave 1 almost completed and correction to same should start soon enough. Once the correction is over for wave 1 we will have a multi-month resumption of bull run POSSIBILITY TWO Here we have wave IV (CYCLE WAVE) NOT completed as yet and wave IV is forming a possible running flat. In this running flat wave A and wave B are completed and wave C should start down to complete a running flat as shown below. Once this RUNNING FLAT is completed , at wave C we should have resumption of the bull run POSSIBILITY THREE This is the most ominous of the lot. Here wave V is completed and we should have the BEAR RUN commencing soon. REMARK ON POSS THREE- Markets never turn on a coin . We may have a top formation in multiple ways around present levels. SYNOPSIS 1. ALL three possibilities have equal weightage 2. All three possibilities have one thing in common-correction. 3. possibility one and two are bullish in medium term. Possibility three has ominous overtones. Read the full article