Short

BAD NEWS FOR NASDAQ?

By christiansaboya
Good morning traders, we are still in a downtrend as you can see in the descending channel that I have traced and it continues to be respected.
If we do a wave count, I think that now we could be at the beginning of wave 5 of wave C of greater degree where we could go to look for the trend line that has been forming since the past decade, which would lead us to look for the 10,600 points, a drop of almost 38% from all-time highs... how do you see it?
Elliott WavenasdaqTrend Analysisus100Wave Analysis

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