I'm not an expert of wave theory but I have an inclination towards it. Wave theory is nothing short of brilliance!
NASDAQ seem to have completed its 5 waves and now following the ABC retracement wave.
NDX should now move to its B wave and show some bounce. It should be followed by further downwards retracement during C wave. Trigger for C wave my be the FOMC meeting in Sept.
Let's see.
Disclaimer: I'm sharing my analysis. Wave theory is not my strong forte. Do your own research & analysis before taking any action.
NASDAQ seem to have completed its 5 waves and now following the ABC retracement wave.
NDX should now move to its B wave and show some bounce. It should be followed by further downwards retracement during C wave. Trigger for C wave my be the FOMC meeting in Sept. Let's see.
Disclaimer: I'm sharing my analysis. Wave theory is not my strong forte. Do your own research & analysis before taking any action.
Trade closed manually
This pattern is negated by ndx. Closed.
Disclaimer
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.
Disclaimer
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.