EURUSD: SELL 1.1630, SL 1.1650, TP 1.1480.
The corrective rally in the considered trading pair likely took the form of a zigzag, where wave b formed as a converging horizontal triangle.
The pattern is generally formed, and price has even attempted to decline, but it hasn’t dropped significantly yet.
We will likely see a stronger downward move in the near future.
For this reason, it is recommended to consider opening sell positions at current market prices.
Investment idea: SELL 1.1630, SL 1.1650, TP 1.1480.
BTCUSD: FLAT.
Likely, the extension in wave (iii) of the upward impulse has ended with a very short wave 5. This is indicated by an overly prolonged correction that does not fit within the time frame of the formed impulse inside wave (iii).
This means we are currently observing the development of corrective wave (iv), which will take some more time.
In this case, we will not see any directional movement in the near future; the price may start moving up and down erratically, each time returning to the middle of the corrective range.
For this reason, it is not recommended to make any trading decisions for now.
Investment idea: FLAT.
NASDAQ 100: BUY 29750, SL 29350, TP 32000.
The NASDAQ100 index has reached a certain price level and is not making any sharp moves yet.
At the same time, the situation continues to maintain a bullish sentiment. This is due to the likely development of wave 3, which appears to be preparing to extend.
At least, the first two extension waves have formed, and everything is frozen in anticipation of active growth.
It is difficult to say when this will happen or if it will happen at all. However, buying on an update of the local maximum is still recommended.
Investment idea: BUY 29750, SL 29350, TP 32000.