{"id":27920,"date":"2026-06-04T20:55:11","date_gmt":"2026-06-04T20:55:11","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=27920"},"modified":"2026-06-04T20:55:13","modified_gmt":"2026-06-04T20:55:13","slug":"nasdaq-climbing-the-5th-wave","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/elliott-wave\/nasdaq-climbing-the-5th-wave\/","title":{"rendered":"Nasdaq Elliott Wave: Climbing the 5th Wave"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Executive Summary<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trend Bias:<\/strong> Wave v of (v) rally.<br><\/li>\n\n\n\n<li><strong>Key Support Level:<\/strong> 30.092.<br><\/li>\n\n\n\n<li>If correct, wave v could carry up to 31,388 &#8211; 31,579.<br><\/li>\n<\/ul>\n\n\n\n<p>For the past 3 months, Nasdaq has essentially marched higher with only a few breaks. Yesterday, a trend line was broken alerting us to a tired uptrend. Though higher prices are possible, divergence and broken trend lines imply a correction may be looming around the corner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Current Elliott Wave Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"641\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/NDQ_2026-06-04_15-48-38-1024x641.png\" alt=\"\" class=\"wp-image-27921\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/NDQ_2026-06-04_15-48-38-1024x641.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/NDQ_2026-06-04_15-48-38-300x188.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/NDQ_2026-06-04_15-48-38-768x481.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2026\/06\/NDQ_2026-06-04_15-48-38.png 1452w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Our Elliott wave analysis of the Nasdaq 100 (NDX) chart shows the rally from the March 2026 low to now is shaping an <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave impulse<\/a> pattern.&nbsp;<\/p>\n\n\n\n<p>Impulses include 5-subwaves, in this case labeled (i)-(ii)-(iii)-(iv)-(v).<\/p>\n\n\n\n<p>It appears Nasdaq is in the final wave of the sequence, wave (v). 5th waves also subdivide into 5-waves and this week\u2019s low appears to be a 4th wave. This means the larger wave count is that yesterday\u2019s rally kicked off wave v of (v)&#8230;an ending wave at multiple degrees of trend.<\/p>\n\n\n\n<p>There are a couple of wave relationships we are following that may point to a hesitation in price.<\/p>\n\n\n\n<p>Wave (v) would be the 1.618 <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">Fibonacci extension<\/a> of wave (i) at 31,388.<\/p>\n\n\n\n<p>Additionally, wave (v) is the 38% Fibonacci extension of waves (i)-(iii) at 31,579.<\/p>\n\n\n\n<p>Therefore, this price zone between 31,388 &#8211; 31,579 may create some hesitation in prices.<\/p>\n\n\n\n<p>If prices fall below 30,092, it\u2019ll be an early warning signal that a larger setback is underway. If 28,567 <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">horizontal support <\/a>is broken, then it would signal a more significant top has shaped.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Bottom Line<\/strong><\/h2>\n\n\n\n<p>The structure of the rally from March is a mature impulse pattern. Further upside may be available to 31,388 &#8211; 31,579, but prices appear to be in an ending wave at multiple degrees of trend.<\/p>\n\n\n\n<p>If 30,092 breaks, then a larger setback may lead to more losses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elliott Wave analysis of the Nasdaq 100 (NDX) points to a mature impulse pattern within its final wave. See key levels inside.<\/p>\n","protected":false},"author":160,"featured_media":27927,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-27920","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nasdaq Elliott Wave: Climbing the 5th Wave - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Elliott Wave analysis of the Nasdaq 100 (NDX) points to a mature impulse pattern within its final wave. 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