Nasdaq 100 updated EW Count (10-15% correction looming?
Updated
In my Primary count I have the Nasdaq either finishing a minor wave 4 at around 15950 before rallying to around 17k +/-200pts reaching the 161.8%(17060) extension target from intermediate wave 1 to complete intermediate 3 and then correct 10-15% in intermediate wave 4. The alternate count is that we are already in intermediate wave 4 correction
Trade closed: target reached
We have now reached the target for minute 4 at the 38.2% fib retracement. if this is the correct count we should start impulsing from here, a breach of the 15800 area would confirm we are in intermediate 4 correction and will be going to around 15kTrade closed: target reached
Short trades closed as we have now reached the ideal target zone for this wave 4 correction to finish. Now looking for a first 5 impulse and pull back for long trades to 17500-18k
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