vitortugauk21

Nasdaq 100 updated EW Count (10-15% correction looming?

WHSELFINVEST:USTECH100CFD   US Tech 100 CFD
In my Primary count I have the Nasdaq either finishing a minor wave 4 at around 15950 before rallying to around 17k +/-200pts reaching the 161.8%(17060) extension target from intermediate wave 1 to complete intermediate 3 and then correct 10-15% in intermediate wave 4. The alternate count is that we are already in intermediate wave 4 correction
Trade closed: target reached:
We have now reached the target for minute 4 at the 38.2% fib retracement. if this is the correct count we should start impulsing from here, a breach of the 15800 area would confirm we are in intermediate 4 correction and will be going to around 15k
Trade closed: target reached:
Short trades closed as we have now reached the ideal target zone for this wave 4 correction to finish. Now looking for a first 5 impulse and pull back for long trades to 17500-18k
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.