NASDAQ just as Russell and S&P500 corrected nicely.
I think we finished wave 2 of an impulsive wave. Wich gives us an opportunity to go long wave 3 up to 8100 as first target followed by 9000 next.
Trade Setup :
Entry : Now or on pullback Stop : last low or wave E low Target 1 : 8000 Target 2 : 9000
---------------------------------------------------------- IMPORTANT If price goes below last wave E, it will test wave C&A low and if those levels do not hold, expect price to fall a lot !!!
Comment
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! Attention ! [\b]
The zigzag drawn might not be correct. Meaning the correction is not yet over. We just made wave A of a Zigzag, now currently in wave B (nearly ending), followed by a wave C lower.
Therefore, moving Stop Loss to 7200 [\b] so that in case price turn lower, I still get a few pips, but if price goes higher, I'll chase it with my trailing stop.