Nasdaq update smaller time frame 4 wave complete

8 янв. 2019 г.

These are my two primary count updates for the Nasdaq 5D chart. I believe we are still inside the C or 3 wave in the first part of the correction. Which one doesnt really matter though as either way its a good idea to take some short profit between two targets for a reload. Likely there will be some sort of fundamental news to support a relief rally especially if we make a nice scary move lower, wouldnt be surprised to see a trade deal done after that. You can see the algo target from the .5 retrace we just made lines up nicely with the .618 retrace from the Feb lows, also the .382 from the 2009 lows. Seems like a reasonable spot to reset with a nice ABC, and prepare for the biggest move yet to come, and in my opinion the last chance to position. Good luck out there.

8 янв. 2019 г.

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For a little more granularity you can see the lower time frame algo also matching up very nicely at the 5200 level

8 янв. 2019 г.

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One other thing to consider for a good bounce area is that we will surely have buy side algos at the .5 and .618, so 5650 area looks good for a small bounce on the way down, but I think we make it to the .618 at 5281 by Feb

8 янв. 2019 г.

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mid Feb

8 янв. 2019 г.

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Dont forget the pitchfork, median line is a magnet