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csmottola71
Jul 17, 2021 8:31 PM

Nasdaq breakdown Short

US 100 IndexTVC

Description

Breaking down the 5th wave on the 4hour chart, shows how prices reached the 200% extension of wave 1 from low of wave 2. This seems to confirm the daily wave count that we are in a wave 4 of 5. Downward target is @ 14050 area and high wave 5 target remains @ 15077. I would expect the latter reach said level in divergence. Maroc is weak both on the daily and 4 hour chart suggesting momentum is gone.

Trade closed: target reached

Target reached. I'm collecting my chips. No signs Wave 5 is over yet.
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