From TradingView · · 40s
PEPPERSTONE NAS100 Wave V Analysis
PEPPERSTONE NAS100 shows possible wave V higher inside long-term channel.
In brief
PEPPERSTONE NAS100 shows possible wave V higher inside long-term channel. PEPPERSTONE NAS100 may form wave V higher inside long-term channel with support near 25,500 and target near 37,000. Originally reported by TradingView.
Wave Structure
Price has been moving inside a long-term ascending channel since 2020.
Wave V Progression
Recent pullback could be sub-wave iv finding support near 25500 zone.
Support and Target Zones
Key support at 25511 and target near 37025 with deeper reference at 22392.
Risk Assessment
Sustained break below 22392 would require reassessment of wave count.
The main idea
PEPPERSTONE NAS100 may form wave V higher inside long-term channel with support near 25,500 and target near 37,000.
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