Nasdaq weekly chart.

Hello everyone
It seems that last week was the end of wave 1 cycle in NAS100 and its correction has started.
There is no one that can predict what patter we are facing to for this wave 2 cycle it is just an idea.
Please take time and let the chart disclose its internal patterns.
Just monitor uptrend impulses when wave 2 corrects confidently.
Thanks

تعليق:

I don't want to predict corrective wave patterns but sometimes they follow our estimates (like this trend).

تعليق:

I guess that the correction pattern is in progress yet and we do not trade in wave A and B of corrective patterns (Wave C is ok).

تعليق:

Never try to get all waves. This is where you will lose your last profits.
Be smart. For now you just need to get out the market and watch this beautiful fight between buyers and sellers. We never go to these wars.

تعليق:

It seems that we will have wave C primary for the next week.

تعليق:

If you think it is bullish and want to get position, please wait till it passes
18500 (with confirmation).

تعليق:

It passed 18500 but I have strong signals for another correction as wave C.
Wait more please.