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Market picture The crypto market capitalisation fell by 0.8% in 24 hours to $2.11 trillion. An attempt to strengthen the market’s offensive on news about inflation in the US attracted new sellers, which this time can easily be linked to the similar dynamics of the Nasdaq index, with which crypto has the closest correlation. At […]

The post Corporates Have Weighed in on Crypto Once Again appeared first on Action Forex.

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05/01/2024

Nasdaq 100 (NQ_F) Looking to do Correction Within Bullish Trend

Nasdaq 100 (NQ_F )shows a bullish sequence from October 2022 low favoring further upside. The rally higher from 10.13.2022 is unfolding as Elliott Wave leading diagonal. Up from 10.13.2022 low, wave ((1)) ended at 16062.75 and pullback in wave ((2)) ended at 14140.25 low. Wave ((3)) finished at 17165.94 high as the 1 hour chart […]
14/05/2024

Elliott Wave Intraday on DAX Shows Incomplete Bullish Sequence

Short Term Elliott Wave in DAX suggests that the Index ended wave (4) pullback at 17626.54. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 18226.32 and dips in wave ((ii)) ended at 17795.96. The Index then nested higher within wave […]
13/06/2024

NASDAQ 100 Wave Analysis

NASDAQ 100 reversed from support level 19000.000 Likely to rise to resistance 20000.00 NASDAQ 100 Index recently reversed up from the support level 19000.000 (former resistance from the middle of May, acting as the support after it was broken previously). The upward reversal from the support level 19000.000 continues the active short-term impulse wave 3 […]