Nasdaq – Weekly Analysis

Last week we noted the completion of a bullish flag by Nasdaq and set the preliminary targets. This week, we will evaluate the technical landscape and adjust the targets if necessary. In this weekly Nasdaq Technical Analysis, we examine the evolving price structure, Elliott Wave paths, momentum setup, and key technical levels. The goal is to identify the most important signals and target areas before the broader market fully recognizes the next phase. CANDLES & TA: Nasdaq had a chance to close Friday with a Dark Cloud Cover, but the bears failed to secure the pattern. Instead, the daily candle finished as an Incomplete Dark Cloud Cover, which carries better bullish odds. At the same time, the weekly frame also closed with a bullish continuation signal, keeping both the short- and mid-term trends firmly bullish. If NQ closes August near the current level or higher, the monthly frame would form…