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Elliott Wave Analysis

As Nasdaq 100 is one of the most traded instruments on the Nasdaq stock exchange, it brings with it tons of volatility and volume. Thus, the trendy nature of the index. Elliott Wave Analysis is a valuable method for trading trending stocks. It aids in analyzing historical market waves and predicting larger future market changes with extreme accuracy and precise entry points. Elliott Wave Analysis’ method involves wave structures, cycles, sequences, and correlated sequences. It is a standard technical tool in the stock market. It applies to every industry, including cryptocurrency! However, as many investment banks advise, the trading strategy should involve many confluences, and you should not focus solely on one technical indicator. As a result, relying exclusively on Elliot wave analysis to make trading decisions can be a recipe for disaster. We at Elliott Wave Forecast employ a range of analytical methods to help us assess the market more effectively and place detailed and timely entry orders. Elliot wave models, market correlations, Fibonacci, trendlines, market dynamics, and sequences are some of our technical and analysis methods. Such technical instruments allow us to track the demand with extreme precision and remain on the right side of the trend. The word “right hand” is used at Elliott Wave Forecast to refer to the general trend’s trajectory as well as our rhetoric regarding the market’s trend. For instance, if we refer to the trend as the right side, we are referring to the trend’s particular position (bullish or bearish). if you are looking for trading Nasdaq 100, Elliott wave forecast is the best for Nasdaq predictions and Nasdaq technical analysis.

Fibonacci

Many people understand Fibonacci, but it is not used to its full potential. It provides substantial probability numbers for possible trend retracements and extensions. As a result, it is widespread and significant among traders and investors. We at Elliot wave forecast incorporate Fibonacci into our already developed trading framework. For example, we use Elliot wave analysis and sequences in conjunction with Fibonacci extensions and retracements to achieve a more detailed and accurate view of the market.

Trendlines

Trendlines, in a nutshell, are one of the most common technical tools among traders due to their ease of use. Regardless of their design, trendlines are extraordinarily effective and accurate technical instruments. The majority of traders use it as an additional confluence for their entry or exit orders. We at Elliot wave forecast use it for a number of purposes. One of the primary factors is to determine the essence and severity of the trend. We also use various indicators with trendlines, such as RSI and distribution mechanisms, to build a highly probable and accurate trading system with trendlines.

Market Correlations

Our analysts utilize the first- and second-dimension correlation system to attain a more precise and accurate correlation of a specific pair across different asset classes. Having a correlation system as part of our trading plan allows us to make wiser decisions and elevate our overall trading style.