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Nasdaq 100: Near term reversal?

Hi Everyone,
After a significant sell-off today, my interpretation is that we're in the midst of a B wave correction.
I think that we'll rise back to 13.3k during the next few days, before a sell-off again to complete the ABC correction around 12.3k.
However, as the downward momentum is notable, risk needs to be carefully managed.
Good luck!
After a significant sell-off today, my interpretation is that we're in the midst of a B wave correction.
I think that we'll rise back to 13.3k during the next few days, before a sell-off again to complete the ABC correction around 12.3k.
However, as the downward momentum is notable, risk needs to be carefully managed.
Good luck!
Nota
As the 13.3k level has been reached earlier than expected, it seems likely that the wave "b" was instead wave 4 of the C correction.Unfortunately, this invalided the earlier analysis, but should mean the index has found support and is now expected to rise - the first target should be around 13.1k (i.e. the 50% Fibonacci level).
Nota
edit: 12.3k rather than 13.3k level.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.
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.