Nasdaq is in a peek of the support of 13229 if it breaks this support then we can see the downtrend In NASDAQ up to the 2ns support of 12915. If It Doesn't break the support now then we can see the uptrend in the Nasdaq towards the resistance-1 of 13820 and then resistance-2 14411.
Elliott Wave view in Nasdaq suggests the decline to 11035.20 ended wave (3). Wave (4) corrective rally ended at 12225.70 with internal subdivision as a wave A-B-C in a zigzag pattern.
Final leg higher wave C ended at 12225.70 which also completed wave (4). The Index has turned lower in wave (5), but it still needs to break below wave (3) at 11035.20 to rule out a...
SHORT TERM IDEA
I am gonna wait for LPSY to form before entering the trade and my SL will be 3 pips above the UTAD that is mentioned in the chart. Market is bearish in HTF but creating accumulation in smaller time frames.