Short

A Trade idea on nasdaq

Updated
Since ATH we have had a decent correction and now we seems to be in a choppy session. In a choppy session only smaller timeframes provide better trading setups. If you try to anticipated big moves you will likely be chopped.

Now see pics for some more insights-

snapshot

Some elliot wave counts :- Red one is alternate.

snapshot

looks like we have completed W as a zigzag in the channel. Now we are making an X wave. 1:1 a=c makes strong case for a zigzag. We can get triangle or any other corrective pattern as an X. Like i mentioned above key is to catch the small moves with leverage with proper risk management.

Note
The Blue arrow is for alternate in case we making a massive 3rd wave for a crash.
Note
snapshot
Stop loss modified
Trade closed: stop reached
Stopped out at a small loss
Note
snapshot
Head and shoulders inverted. Perhaps a flat in progress
Order cancelled
Note
Maybe making a diagonal ?
snapshot
Trade closed: target reached
nasdaqsignalserviceStockstradingTrend AnalysisWave Analysis

Disclaimer