📌 Is the NASDAQ 100 in a Bearish Impulse Wave?
Based on Elliott Wave analysis, NASDAQ 100 appears to be in Wave 3 of an ongoing bearish impulse (Wave A or 1). This setup suggests that after the current downward move, we might see a corrective structure before another leg down.
Key Insights:
🔹 Wave Structure: The first wave of this move was a leading diagonal, followed by a pullback. Now, we are likely in Wave 3, which could extend further before a corrective phase begins.
🔹 Retracement Zones: After Wave 3 completes, we expect a corrective structure (Wave 4), which typically retraces between 38.2% and 50% of Wave 3 before Wave 5 resumes.
🔹 Trading Strategy: The most favorable entry zone would be during Wave 5 of A (or 1), ideally in lower timeframes such as H1, H4, or even M15. Before entering a trade, we need to confirm a three-wave corrective structure—whether it forms a sideways correction or a complex zigzag.
📌 Critical Levels to Watch:
A break into Wave 1 territory could invalidate the impulse structure and shift the outlook.
If the corrective phase is shallow, a deeper drop may still be on the table.
🚀 Patience is key! Once the correction completes, the next move could offer a strong trading opportunity.
#NASDAQ100 #ElliottWave #StockMarket #TradingSetup #BearishImpulse
💬 What’s your take? Are we heading lower, or will the market surprise us?
Based on Elliott Wave analysis, NASDAQ 100 appears to be in Wave 3 of an ongoing bearish impulse (Wave A or 1). This setup suggests that after the current downward move, we might see a corrective structure before another leg down.
Key Insights:
🔹 Wave Structure: The first wave of this move was a leading diagonal, followed by a pullback. Now, we are likely in Wave 3, which could extend further before a corrective phase begins.
🔹 Retracement Zones: After Wave 3 completes, we expect a corrective structure (Wave 4), which typically retraces between 38.2% and 50% of Wave 3 before Wave 5 resumes.
🔹 Trading Strategy: The most favorable entry zone would be during Wave 5 of A (or 1), ideally in lower timeframes such as H1, H4, or even M15. Before entering a trade, we need to confirm a three-wave corrective structure—whether it forms a sideways correction or a complex zigzag.
📌 Critical Levels to Watch:
A break into Wave 1 territory could invalidate the impulse structure and shift the outlook.
If the corrective phase is shallow, a deeper drop may still be on the table.
🚀 Patience is key! Once the correction completes, the next move could offer a strong trading opportunity.
#NASDAQ100 #ElliottWave #StockMarket #TradingSetup #BearishImpulse
💬 What’s your take? Are we heading lower, or will the market surprise us?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.