NDX (Nasdaq 100) SHORT (Big correction) Short

NASDAQ 100 IndexNASDAQ

Description

⋅ Jun 13, 2023 8:46 PM

NDX (Nasdaq 100)

5th wave (1st wave of big 5th wave) is finishing its move on $15,250 level

Then correction to $12,300 - $11,700

Comment

⋅ Jun 23, 2023 11:56 AM

This correction might not be so long.
NDX might fall to $13,000, then rise to $16,000
Time to refresh the idea is in the end of July - the first half of August 2023

Trade active

⋅ Jun 25, 2023 3:21 PM

Alternative idea

Order cancelled

⋅ Nov 3, 2023 5:18 PM

alternative idea became the main one.
Go to $17100

Comment

⋅ Feb 23, 2024 6:28 PM

reached $18 000
my next price target range: $14500-$15300

Elliott Wave

Comments

aquada

⋅ Jun 25, 2023 9:08 AM

Wave 5 is never the longest wave.

aquada

⋅ Jun 25, 2023 9:29 AM

@aquada, ignore this, my misunderstanding of EW

AndreyVasylyuk

⋅ Jun 25, 2023 9:47 AM

@aquada, correct
3rd finishes on ~14450 level, 5th starts on 13850 level

AndreyVasylyuk

⋅ Jun 25, 2023 3:24 PM

@AndreyVasylyuk, 3rd finished on $14000, 5th started on $12300 price level

DonFracho

⋅ Jun 26, 2023 5:17 PM

@aquada, FALSE.
3 cant be the smaller one. No other rule. 5 can be extended and the longest.

LivS

⋅ Jun 30, 2023 11:23 AM

hi is it still valid? weekly candle looks positive

AndreyVasylyuk

⋅ Jun 30, 2023 2:27 PM

@LivS, DXY - up, NDX - down.

LivS

⋅ Jun 30, 2023 3:02 PM

@AndreyVasylyuk, thanks I am in a drawdown do you think I should hold and wait...

Nbusaidi

⋅ Jun 19, 2023 4:59 PM

Do u think this still valid ?

AndreyVasylyuk

⋅ Jun 19, 2023 6:43 PM

@Nbusaidi, only a few days has passed))
Yes, still valid)
GOOGL, AAPL, MSFT, NVDA, META, NFLX, TSLA and many other smaller, which didn't grow so fast last three months has:
RSI is above 70% level
MACD 12 26 is also very high

this week (20-23 of June) will show whether I'm right or not and mid-July
I expect a 30% drop in the main companies of the index

It's only my idea, the risks and the rewards are high.