#Nasdaq = Weekly Analysis = 11.12.2022 $NDX #NDX #NQ $QQQ #QQQ #trading #fintwit

NQ has been following this 10-month old chart, and today we will try to understand whether NQ is ready to fly or the probability for a continued decline is higher.

In this weekly analysis, I will evaluate the candles that Nasdaq formed on multiple frames. We will discuss several major technical events that happened recently and analyze the long and short term perspectives for NQ using Elliott Waves.

This post is part of the @InvestingAngles Series that covers US and major global indices; bonds and volatility, commodities and miners, currencies and crypto, and some large cap stocks.

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