Nasdaq - the beginning of wave (iv) ?
After the NASDQ reached my target for wave iii, the index shows a clear reaction. This could be the start of the corrective wave iv. A first clear sign of wave iv would be a sale below 13774. Then I expect prices around the stored trading area around 13550.
This would be the ideal target of wave iv as long as no new highs are built. If this is the case, the trading area shifts upwards. I will specify this area in the next update as soon as the high is confirmed. The primary expectation is still that we see prices in the 14350 range in form of a wave v.
45min:
H4:
This would be the ideal target of wave iv as long as no new highs are built. If this is the case, the trading area shifts upwards. I will specify this area in the next update as soon as the high is confirmed. The primary expectation is still that we see prices in the 14350 range in form of a wave v.
45min:
H4:
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