NASDAQ DAILY TIME FRAME

Elliot wave has three phases in it namely the impulse phase,the correction then trend continuation.Every once or twice when a market has overboard it has to go to the downside and undergo a correction before a continuation can occour...that is known as a complete market cycle.The sell correction in the case of nasdaq will be driven by rising inflation numbers over the first quarter of 2022 in to the second quarter.
Beyond Technical AnalysisChart PatternsTrend Analysis

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