Potential buys on NASDAQ
Looking to enter a buy on NASDAQ once it retests its order block at 14676.87. Price has clearly broken structure and invalidated any bearish setup in the medium term. Re-looking at my wave count it seems we were in the fifth and final wave of the Elliot wave Supercycle thus price should take out the previous all-time high on Nasdaq and create a new one.
Stops will be below the bearish order block and the target will be the previous swing high at 16767.80.
Stops will be below the bearish order block and the target will be the previous swing high at 16767.80.
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