2 Possible Phase 4 lines for the NDX. huge implications if break
2 Possible Phase 4 lines for the NDX. huge implications if break
I hope everyone is able to zoom in the the top right of the chart. this one is very similar to the Nasdaq composite HW, fractal completed hyperwave, in a return to the Phase 2 and develops into a much larger HW structure. If the chart doesn't zoom in please comment and I'll post another that is only of the Phase 4 which is the most important detail right now with huge implications next week and the next month
I hope everyone is able to zoom in the the top right of the chart. this one is very similar to the Nasdaq composite HW, fractal completed hyperwave, in a return to the Phase 2 and develops into a much larger HW structure. If the chart doesn't zoom in please comment and I'll post another that is only of the Phase 4 which is the most important detail right now with huge implications next week and the next month
Comment:
The aggressive red phase line is not valid, as it was broken and did not lead to an immediate Phase 5. We must use only the black line as the Phase 4 trend line which is still intact and supporting price strongly
Comment:
Looking at this chart I always had one thing bothering me and that is the length of the phases, they are much longer than a standard HW so it is hard to say is this really another Nasdaq HW? It broke the Phase 4 line that I had and may react like other hyperwaves but I will only trade with confirmation from other technical tools, as opposed to something like AMZN or NFLX, once they broke P4, no matter what other technicals said, its simply to dangerous to wait to find out, you must get out or in my case I trade to the short side.