NASDAQ 100: Two Wave Structures

NASDAQ 100: Two Wave Structures

We can see some real roller coaster in the markets. Stocks are still struggling, however, looking at the , it still can be trading in wave 4 correction as a count #1, but only if it manages to recover back above 15525 region.

NASDAQ 100 Elliott Wave Analysis Chart #1

NASDAQ100 Elliott Wave

Otherwise, if it’s going to retest the lows based on count #2, then stock will have hard times to go back to highs, mainly because NASDAQ 100 would then have five waves down from the highs, which would confirm a temporary top. Today’s daily close price will be very important.

NASDAQ 100 Elliott Wave Analysis Chart #2

NASDAQ100 Elliott Wave

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