NASDAQ - SELL IDEA
The NASDAQ (US100) chart on the 15-minute timeframe is indicating a potential downward movement following the completion of wave (b). The chart suggests that the index could be heading towards the 1.0 Fibonacci extension level at approximately 19,228.7, representing the target for wave (c).
This setup aligns with the Elliott Wave theory, suggesting that after the correction wave (b), the price is likely to continue its decline towards the target. Traders might consider this as a potential area for further bearish opportunities or for setting take-profit levels if already in a short position.
This setup aligns with the Elliott Wave theory, suggesting that after the correction wave (b), the price is likely to continue its decline towards the target. Traders might consider this as a potential area for further bearish opportunities or for setting take-profit levels if already in a short position.
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