NAS100 - Same as SP500, a bit more extreme. What Fibo tells us?
Weekly:
More or less it is same as SP500 chart (pls see details in the other post), except that the "parabolic-supersonic" move was even more extreme in NAS100.
- I just drew a Fibonacci retracement from the 2009 low to the recent top. We can see something very interesting now with this setup. If you check the retracement levels of 0,236 / 0,5 / 0,618, they all perfectly match very important peaks and lows! Can it mean we are ebout to reach the perfect top between 4500-4600 and get to the end of this extreme bullish run?
I also added a trend based Fibonacci extension, which shows if NAS100 blows further up to reach new highs, then it could even reach 5100.
Daily:
- Wedge in play, still rather bullish Ichimoku setup with supports at 4470 / 4400 / 4310
- Hekin Ashi is same as in case of SP500, maybe starts to show some loss of short term bullish momentum
More or less it is same as SP500 chart (pls see details in the other post), except that the "parabolic-supersonic" move was even more extreme in NAS100.
- I just drew a Fibonacci retracement from the 2009 low to the recent top. We can see something very interesting now with this setup. If you check the retracement levels of 0,236 / 0,5 / 0,618, they all perfectly match very important peaks and lows! Can it mean we are ebout to reach the perfect top between 4500-4600 and get to the end of this extreme bullish run?
I also added a trend based Fibonacci extension, which shows if NAS100 blows further up to reach new highs, then it could even reach 5100.
Daily:
- Wedge in play, still rather bullish Ichimoku setup with supports at 4470 / 4400 / 4310
- Hekin Ashi is same as in case of SP500, maybe starts to show some loss of short term bullish momentum
