Elliot wave with correction ?
The Nasdaq had difference emotions this week. Fact is that he gave up but not that much as European indices.
For European Indices and Germans stocks I would bet a buy back because we are clearly oversold. If this situation is gonna happen than we will see the US Indices rising a bit higher either.
We could probably hit the 14.500 points again as key resistance. Further more if we should see diplomatic solutions or even talks from both sides than we also could get into a strong upward channel.
Netherless , if the situation continues or get more worse (and I guess it will) we could fall much deeper. Into a bear market probably.
A idea of mine form the chart technical point of view that we are in a Elliot Wave (1-5) with a wave correction (ABC).
Thank you for your attention.
If you wish to add something please write it in the comments.
For European Indices and Germans stocks I would bet a buy back because we are clearly oversold. If this situation is gonna happen than we will see the US Indices rising a bit higher either.
We could probably hit the 14.500 points again as key resistance. Further more if we should see diplomatic solutions or even talks from both sides than we also could get into a strong upward channel.
Netherless , if the situation continues or get more worse (and I guess it will) we could fall much deeper. Into a bear market probably.
A idea of mine form the chart technical point of view that we are in a Elliot Wave (1-5) with a wave correction (ABC).
Thank you for your attention.
If you wish to add something please write it in the comments.
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