Hello everyone It seems that last week was the end of wave 1 cycle in NAS100 and its correction has started. There is no one that can predict what patter we are facing to for this wave 2 cycle it is just an idea. Please take time and let the chart disclose its internal patterns. Just monitor uptrend impulses when wave 2 corrects confidently. Thanks
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I don't want to predict corrective wave patterns but sometimes they follow our estimates (like this trend).
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I guess that the correction pattern is in progress yet and we do not trade in wave A and B of corrective patterns (Wave C is ok).
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Never try to get all waves. This is where you will lose your last profits. Be smart. For now you just need to get out the market and watch this beautiful fight between buyers and sellers. We never go to these wars.
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It seems that we will have wave C primary for the next week.
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If you think it is bullish and want to get position, please wait till it passes 18500 (with confirmation).