csmottola71

Nasdaq-New Wave Count (Again)

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csmottola71 已更新   
TVC:NDQ   US 100 Index
My next preferred count is a 3-3-3 sequence, with current leg being the third B. Within this context, a triangle seems to have formed, hence, prices should not exceed the dashed red line, ideally the D leg should fall short of its upper limit. Inversely, the E leg should overshoot before resuming the main upward trend (a fakey - not sure about this spelling, but i'll go with it). Don't expect major signals from the RSI in this faze, major divergences generally come at the top of wave 5's.
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14160, i've started shortimg
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This Wave count has been disproven. The next best wave count is saying that the move from march lows is a wave 5. I believe it won't be a clear cut impulse wave, but rather choppiness will persist still for a while. I'll follow up with details.

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