NASDAQ Elliott Wave Analysis for Wednesday 21/06/2023

Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hour, 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. Traders should be long from yesterday (see yesterday's video) and protect their trade.