NDQ Elliott Update

٢١ ديسمبر ٢٠٢١

On the hourly chart, my favorite count has slightly change but with no material difference. My favorite count is that we are in a 3rd wave of C and alternatively in a c of a double zigzag. The first count better with tuesdays gap down open, where 3rd waves generally start with a ripping movement. The only bullish alternative is that yesterday completed a B wave of a larger wave 2, but that doesn't propend very well with the general market structure.