Nasdaq weekly: If there was ever support, this is the area

6 mai 2022

Red dots represent channel points, then it's cloned and stacked.
This is the area of weekly uptrend support, so if Nasdaq is going to find support bullish, this should be it.
Lower time frames also are showing Fib Extension support from the highs in Nov 2021. And we are at a .382 fib between larger time frame Fib 21 and Fib 13.

I can count 5 Elliott waves down too, which should lead to either a 3 wave correction, or continued uptrend.

Technically speaking things should look bullish, If we aren't seeing a sharp bounce bullish here $12,049 looks like the next bearish target.

12 mai 2022

Note

We've past the bounce/support point, unless buyers come to the rescue, $11,099 is next; somewhere between $11,099 and $10,664.