Short
Nasdaq - Toppy
Nice short squeeze. However, it's looking a bit toppy after this mornings run. We likely consolidate here and potentially retest the highs or even exceed. 14760 or 14870 is the wave 4 .5 retrace. wave 4's almost never retrace more than .5. stay delta neutral in case we rip higher again but likely this is a large irregular and also a bull trap.
Note
Got the pattern right, but missed the wave 3 extension. Sorry guys and gals!
Related publications
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.
Related publications
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.