NDX is in a highly probable "Minuette" wave 5 (Impulse), with final target 7425-7467! Final Targets (all waves "5") are calculated from different wave degrees (fractals):
"Minuette": 1,000 of wave 1 (7425,57) 1,000 of wave 3 (7466,68)
"Minute": 1,000 of wave 1 (7437,29) The fact, that this wave has had an "Extension3" makes it highly probable, that wave "5" equals wave "1"!
"Minor": 0,618 of waves 1 + 3(6965,35)
Comment
⋅
Update see below on H1:
Comment
⋅
Comment
⋅
Scenario 1: NDX trades in a Extended5 ("Subminuette"-wave 5, grey), because wave "3" only made 1.000 of the preceeding wave "1". Possible tp is 7393 (1,000 of wave "1") and beyond.
Comment
⋅
Comment
⋅
Scenario 2: This is, what I prefer. See TPs in the chart.