End of the Road for NASDAQ?
https://www.tradingview.com/x/RVl4NBpR/
Diagonal 5th in the diagonal 5th?
If my count is correct we might be at the end of 5th of the 5th wave in NASDAQ.
Play it now or watch tightly 5615, if formation is correct that will be the conformation point of break down. Watch diagonal trend lines and their violations on either side.
As chart looks now we reached the end of the "internet" . We might experience throw-over, if it happens quick- it's just that. For throw- overs minor convergence is around 5777 and major one with 1.618 retracement around 5858. Will happen quick if throw over occurs watch volume at that time.
Good Luck
Look forward to your thoughts.
Diagonal 5th in the diagonal 5th?
If my count is correct we might be at the end of 5th of the 5th wave in NASDAQ.
Play it now or watch tightly 5615, if formation is correct that will be the conformation point of break down. Watch diagonal trend lines and their violations on either side.
As chart looks now we reached the end of the "internet" . We might experience throw-over, if it happens quick- it's just that. For throw- overs minor convergence is around 5777 and major one with 1.618 retracement around 5858. Will happen quick if throw over occurs watch volume at that time.
Good Luck
Look forward to your thoughts.
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