$ndx Total return LOG channelNo positions at the moment, tactical shorts with precise entries preferred!
XNDX trade ideas
NASDAQ TOPPED OUTThere are 2 parallel line/CHANNELS.
1) RED line & Light GREEN line . (SOLID)
2) ORANGE line & Deep GREEN line. (DOTTED)
NASDAQ broke the number 1 CHANNEL even though it made a all time high.
In next few days/weeks It will break the 2nd dotted CHANNEL. Which may or may not create a new high but people will thinks it's a buy time. Honestly it's proving that market is getting weaker. And I would short it. Once it breaks the DOTTED GREEN LINE then FULLY SHORT TILL IT REACHES 3000 support zone.
NASDAQ 100 , XNIDXFive-Wave Impulse Trend:
5 Distinct Sections
Bull trend :Higher highs and higher lows
Section Highs and Lows do not overlap
..........................................................................................................................................................
Five Wave Trend Rules:
1. Wave 2 cannot exceed the beginning of Wave 1.
2. Wave 4 cannot make a daily close into the closing range of Wave 1.
3. Wave 3 cannot be the shortest in price of Waves 1, 3, and 5.
