Nasdaq (NQ_F) decline from April 25 peak (7879.93) unfolded as an impulsive Elliott Wave structure and ended wave ((A)) at 7290. The internal of wave ((A)) unfolded as a 5 waves impulse. Down from 7879.93, wave (1) ended at 7682.25 and wave (2) ended at 7872.50. Wave (3) ended at 7481, wave (4) ended at 7637, and wave (5) of ((A)) ended at 7290. Subdivision of wave (1), wave (3), and wave (5) also unfolded as 5 waves as the chart below shows.
Wave ((B)) bounce is in progress to correct cycle from April 25 peak. The internal of wave ((B)) is unfolding as a double zigzag Elliott Wave structure.
We don’t like buying the Index and expect rally to fail in 3, 7, or 11 swing for more downside or at least 3 waves pullback. This view remains valid as far as pivot at 7879.93 high stays intact.
Wave ((B)) bounce is in progress to correct cycle from April 25 peak. The internal of wave ((B)) is unfolding as a double zigzag Elliott Wave structure.
We don’t like buying the Index and expect rally to fail in 3, 7, or 11 swing for more downside or at least 3 waves pullback. This view remains valid as far as pivot at 7879.93 high stays intact.
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Penafian
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14 days trial --> elliottwave-forecast.com/plan-trial/ and get Accurate & timely Elliott Wave Forecasts of 78 instruments. Webinars, Chat Room, Stocks/Forex/Indices Signals & more.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.