FX.co ★ #NDX Navigators: Decoding Nasdaq-100 in Forex!

In the stock market, analyzing the Nasdaq index on the lower wave degree on the M30 chart, we see the formation of a trend signal to open a medium-term long position. A pending order is placed above the key level of 29886.47, and the stop loss is set below the critical level of 29478.20. The market target remains the 40000.00 mark.

In the course of the analysis, the following were considered: EWA (Elliott Wave Analysis), MACD histogram readings (Moving Average Convergence/Divergence indicator), and the positioning of the exponential moving averages MA Smoothed (periods: 55, 89, 144), as well as a probabilistic assessment of technical and wave analysis patterns. Priority is set taking into account correlation with related markets.