NASDAQ - Correction Almost Complete - Elliott Wave Count ✅
1943
From our wave count, we are expecting wave 2 completion soon. We can see that we're in an ABC correction and on the final wave for wave C. In our last analysis, we were expecting a simple ABC correction where C completes at Wave A completion. As can be see, wave C is over extended. We will remain bearish unless we break above the grey structure.
Trade Idea: - Watch for bearish reversal pattern on lower timeframe (Trendline break, BOS) - For confirmation, watch for a break of the red trendline - Target: 10700, taper positions thereafter
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.