Bitcoin Prices Poised for More Gains as Risk Assets Gain After Weak US GDP
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By tradinglounge · Posted
This analysis provides insights into the Elliott Wave patterns observed in major NASDAQ stocks, including the NASDAQ 100, S&P 500, and key companies like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). Currently, we assess that the Wave (4) low may have been established across these indices, signaling a potential shift to a "Risk On" stance. This scenario suggests that building long positions in most technology stocks could be increasingly viable. However, the inherent risk lies in the possibility that Wave (4) may not yet be fully in place. As a precaution, we continue to manage existing risks carefully. Should the market conditions confirm the placement of Wave (4), we will be better positioned to safely escalate our long trading positions in anticipation of the next upward movement. Video Chapters 00:00 NASDAQ 100 (NDX) SP500 (SPX) 01:43 Apple (AAPL) 03:26 Amazon (AMZN) 04:18 NVIDIA (NVDA) 05:13 Meta Platforms (META) 05:54 Netflix (NFLX) 06:31 Alphabet (GOOGL) 07:20 Microsoft MSFT 08:00 Tesla (TSLA) 09:20 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com -
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