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  • Anand

NASDAQ's target of 9500 is still on the table.

Although fall of NASDAQ slowed down near 127.2% (a minor 3 drive completion point) and it later got a push up by a controlled US CPI in one of the recent months; 161.8% (the major completion point of 3 Drive) is still on the table. In simpler terms, NASDAQ is still going to touch 9500. Slow down of fall in 3rd drive is natural because 3 Drive is a reversal pattern.

I had written about this already in September, go to https://www.keonconsultancy.com/post/nasdaq-index-seems-to-be-taking-a-shape-of-a-3-drive-pattern to read that post to understand it fully.




Please note that Keon Consultancy uses these ideas in Forex Account Management / Fund Management; however, it doesn't post all the ideas used in trading.



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