From TradingView · · 40s
NQ1! Potential Final Buying Opportunity
Nasdaq 100 futures near key Fibonacci zone for final buy before larger correction.
In brief
Nasdaq 100 futures near key Fibonacci zone for final buy before larger correction. Nasdaq 100 E-mini futures could see a final buying opportunity between 27,801 and 26,874 if Elliott Wave structure holds. Originally reported by TradingView.
Higher timeframe analysis
Nasdaq 100 appears to be approaching final stages of Wave V of larger impulsive structure.
Internal structure details
Price developing Wave (4) correction with ABC structure and potential final Wave C.
Key Fibonacci zone
Potential buying zone between 27,801 and 26,874 for final move higher.
Invalidation point
Market invalidation at 26,380.50 if structure breaks.
The takeaway
Nasdaq 100 E-mini futures could see a final buying opportunity between 27,801 and 26,874 if Elliott Wave structure holds.
