Market Analysis of NASDAQ on Tuesday 06 August 2024

2024-08-06 17:36Source:BtcDana

Technical Analysis:
According to wave analysis, Wave A appears to be complete on the NDX100, indicating that we are now heading higher into Wave B. The overall structure remains bullish, though the market is currently experiencing a corrective wave. Nasdaq stocks are trading near important support areas, so shorting at the current market price is not advisable.

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