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.