NASDAQ - Correction Almost Complete - Elliott Wave Count ✅
1943
From our wave count, we are expecting wave 2 completion soon. We can see that we're in an ABC correction and on the final wave for wave C. In our last analysis, we were expecting a simple ABC correction where C completes at Wave A completion. As can be see, wave C is over extended. We will remain bearish unless we break above the grey structure.
Trade Idea: - Watch for bearish reversal pattern on lower timeframe (Trendline break, BOS) - For confirmation, watch for a break of the red trendline - Target: 10700, taper positions thereafter