Putting the Nasdaq 100 Breakout In Perspective

By Lawrence

Nasdaq 100 break out in place. Time to put it in perspective.

3rd push target can be as high as above 4650

Trend line break out target above 4600.

If Nasdaq 100 falters on its 3rd push up, back down below 4000 is possible.

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Comments
  • someih123 April 27, 2015 at 3:03 am

    Is 3 pushes pattern used to predict trend end and this time is used to predict target ?

    • Lawrence April 27, 2015 at 8:33 am

      3 pushes is a short term top pattern. It can be used the way I am doing here to project the 3rd push target because 2nd leg is now fully defined.

      The concept is here is visualizing the potential outcomes from what has happened so far so that we are prepared.

      There can be other possibilities – so fixation that this must happen is not a good idea.

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