NQH outlook

Obvious Elliot Wave 12345 downtrend. So next phase would probably be the correction phase. As shown in the chart, there is a big uptrend channel since last year, Sep 25th. Since this is the first it fell below, it should be recongnized as a bearish pattern. But if you want to short, don't do it yet. The ABC corrective wave might push NQH up to 9300ish, and that might be a resistance for NQH. If that doesn't break, start shorting and aim for a target price of 9041.25(this is just the line I drew, not necessarily the specific price. Just cash out around that price with +/- 20.) The last corrective wave would come once that price gets hit, and C would probably settle at 2 prices. 1 at 9368.75, the other one at 9304.25, which is exactly the same as the price of A. Overall, long term bearish. In short term, it would probably be good to buy some.