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RICHMONSTOCK
Mar 3, 2021 8:22 PM

US 100 SHORT Short

NASDAQ 100 IndexNASDAQ

Description

looking at a 1 month charts, with the completition of the 5 th impulse elliot waves.


we can see that every waves did bounce on a fibo retraement/exension combinaison (i noted the one i don't show on the chart)
also a simple extension of wave 1 give us a clear sign of the end of the 5th wave.


it's actually to see a market following fib level that perfectly (i let one fib extension so you can see how the price move perfectly into each fib levels.



but this is also a warning. ether we have a bear correction of the market ether we have a chopi market incoming.
i wouldn't recomand to any investor to put their monney into the stock market as of current time.

risk to reward isn't in your favor anymore
Comments
ForecastCity_World
Nice chart .👍
Thanks
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