Nasdaq prediction for upcoming months

1 sept.

I have put down the predictions according to the Elliott wave theory. for any one who is not aware about the wave theory, the wave theory tells us that the market moves in 5 step upwards and 3 step down.

According to my calculations the index is currently in wave 2 and the 3rd wave ( Positive) has begun. the up move will be confirmed when the upper trendline is broken. once is is broken the target is marked along with potential stops in middle, the stoploss should be placed bellow the lower trendline.

Thake the predictions as a grain of salt but do keep it in mind.....

Hope this helps.