The Nasdaq futures are rising and appear to be about to complete the pattern that began on April 7, 2025. According to ElliottWave-Forecast.com experts, a record peak is imminent due to the hourly charts’ evident momentum.
After wave (3) peaked at 25,275, Wave 4, because of sideways correction with a flat shape, went to to 24,166.26. Moreover, Wave A of that Wave 4 saw the price decrease to 24,984.75; Wave B saw it rise to 25,394; and Wave C saw it fall once more to settle at 24,166.26.
It seems that Wave 5 of the market’s upswing has started where Wave 1 established an initial trend by rising to 25,179.5 after bottoming at Wave 4. Then, Wave 2 dropped to 24,410. Wave ((i)) settled at 24,804.75, having peaked at 25,368.
It is possible that the price will keep on staying above 24,166.26; dips are likely to find support at swings 3, 7, or 11. Forecasters predict a possible increase toward 25,490–25,701, which is indicated by the Fibonacci retracement from 123.6% to 161.8%. Prices continue to climb, bolstered by firm support below.
