Most likely, Nasdaq is in a 5th wave (a minor count) with first target @ 15077 (1.382 extension of wave 1 from low of wave 4). Maroc is in trend mode, so I would expect a sharp acceleration before calling this top.
Trade active
Nasdaq came a hair length from the 1.38% extension of wave 1 from the bottom of wave 4. I still expect prices to make another attempt, since we seem to be in a wave 4 of 5. I'll verify this on a shorter time frame tomorrow. The support line and the 10 MA have been broken so expect an acceleration towards the 21 MA (blue MA).Trade closed: target reached
Target reached. I'm collecting my chips. No signs Wave 5 is over yet.
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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.