FANG Index Is Rising Within A Bullish Impulse
Jun 8, 2023


FANG index is rising within a bullish impulse, as we see it trading by impulsive price action from Elliott wave perspective.

NYSE FANG+ Index consists of 10 of highly-traded tech giants. These are Meta(Facebook), Apple, Amazon, Netflix, Microsoft, Google, Tesla, Nvidia, Snowflake and AMD. Due to recent strong technology sector, FANG Index is trading impulsively higher, ideally within a five-wave bullish impulse, where we barely see it trading in the middle of wave 3. So, there can be easily room for more gains, we just have to be aware of 4th wave pullbacks. Strong technology sector could also lift up other weaker stocks, mid caps and low caps, which are usually follow the strongest high cap stocks.

FANG Index Is Rising Within A Bullish Impulse 4h chart
FANG Index 4H Chart

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

Commodities Are At Strong Support Zone. Check our blog HERE


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.