Before anyone says anything...yes Elliot Waves are completely subjective BUT IMHO i have drawn these correctly....
The NAS made a violent move from 22100 down 16300 in a very short space of time. So what? It will just make another ATH right?
Well, of course. It almost certainly will, the real question is when. If this pattern plays out, it won't be in 2025.
After every impulse on any timeframe, long or short, you'd naturally expect a pullback.
However, not all pullbacks are the same. Usually, the first significant pullback for a corrective wave is no more than 50%.
However, if you have a pullback that is 61.8% or more, it is usually considered an impulsive wave.
What the difference? Corrective waves have3 waves, ultimately trending in one direction, and impulsive waves have 5 waves trending in one direction.
If the Nasdaq falls beneath 20900, with increasing volume, this will signify confirmation to me at least, that we could be starting one of the most violent impulsive bearish waves in the history of financial markets.
The NAS made a violent move from 22100 down 16300 in a very short space of time. So what? It will just make another ATH right?
Well, of course. It almost certainly will, the real question is when. If this pattern plays out, it won't be in 2025.
After every impulse on any timeframe, long or short, you'd naturally expect a pullback.
However, not all pullbacks are the same. Usually, the first significant pullback for a corrective wave is no more than 50%.
However, if you have a pullback that is 61.8% or more, it is usually considered an impulsive wave.
What the difference? Corrective waves have3 waves, ultimately trending in one direction, and impulsive waves have 5 waves trending in one direction.
If the Nasdaq falls beneath 20900, with increasing volume, this will signify confirmation to me at least, that we could be starting one of the most violent impulsive bearish waves in the history of financial markets.
註釋
It appears that the NAS could make one final bullish impulse before a deep plunge. I am seeing 21750 as a POI before a sharp pivot註釋
Here is an image of describing the price action I am speculating on above註釋
Since my update yesterday, ive spotted one other bearish order block on an odd timeframe (7H) at ATH, which introduces the "Blow off Top" scenario, ive floated on Minds for a couple of weeks, but only now have I picked up a pathway to it.....In short, turbulence expected at 21750 and ATH Right now...I'm persuaded as the 7H is bigger than the 1H, that somehow the NAS finds the volume to hero pump to ATH. You couldn't make this up, The Inverted H&S shoulders pattern, started yesterday could launch us straight to ATH. lol...manage your risk ppl!
註釋
Im ringing the Alarm...i think the TOP is in 註釋
The next 7 days look perilous. the 19300 area looks at risk!交易進行
This is now in full effect after rejecting the 21900...
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