In our last Nasdaq analysis, we had a higher timeframe overview and we indicated that we wanted to move down once more to get to our perfect buy area.
We had a complex correction for the bigger wave C. We can see that we are in a 3 wave correction with wave B having a sub 3 wave correction which recently completed.
Looking to take NASDAQ down to around the 15500 level.
Trade idea: - Enter with stops above the recent highs - Target the 15500 as targets (1300pips)
Be sure to use risk management with this trade as indices are really volatile.