In the weekly, the NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II. In the daily and 4h, it looks like the upward structure as a wave (3) might finish...
In the lower timeframe, we are at an area where the wave ((iv)) can be bought (ABC pullback looks more or less complete). However, we call for caution in long trades as we are close to finishing an upward structure in the higher timeframe.
NASDAQ is in support range of 15723-15730, hopefully we can see the up rally from here. Manage your risk accordingly!
In the lower timeframe, we are waiting for an ABC pullback to finish the wave ((iv)). From there, we can go long again. For the moment, there looks to be a complete structure to the upside which can be shorted (warning: against the main direction).
In the lower timeframe, we are waiting for an ABC pullback to finish the wave ((iv)). From there, we can go long again. For the moment, there looks to be a complete structure to the upside which can be shorted (warning: against the main direction).
In the lower timeframe, we are waiting for an ABC pullback to finish the wave ((iv)). From there, we can go long again.
In the lower timeframe, we are waiting for an ABC pullback to finish the wave ((iv)). From there, we can go long again.
In the weekly, the NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II. In the daily and 4h, it looks like the upward structure as a wave (3) might finish...
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. In the 1 hour, the upward structure looks incomplete. When we have a complete impulse up, a short can be...
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. In the 1 hour, the upward structure looks incomplete. When we have a complete impulse up, a short can be...
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. In the 1 hour, the upward structure looks incomplete. However, the structure looks very messy. We have to wait...
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. In the 1 hour, the upward structure looks incomplete and we see an entry for a long trade today.
Nasdaq is moving near the 🔴 resistance zone(15,385-$15,160) 🔴, and the formation of an Exhaustion gap can be a 💡 Sign 💡 of the end of the upward trend of the Nasdaq these few weeks. Also, due to the Regular Divergence(RD-) between two consecutive peaks, the possibility of forming a 🗻 Double Top pattern 🗻 is very high. 🔔I expect the Nasdaq to fall to at...
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. In the 1 hour, the upward structure looks incomplete and we see an entry for a long trade today.
Here's my Elliott Wave Count on the Nasdaq which suggests we could see some more downside to complete wave {iv}, within the following days, to then resume to the upside. Feel free to ask me questions, trade safe!
The NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. We had another successful trade yesterday. Now we have to wait for more data.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete so we expect a bit more upside.