good evening, and happy sunday.
---
decided to share the updated version of my count tonight,,,
>the key to this count is the spx500, which will be shared in the next post (keep an eye out for it).
---
what i'm portraying here is called a zig-zag.
the nasdaq came down from all time high in 5 waves,
5 waves is labeled either wave 1 or wave a.
in this case, to be extremely conservative, i am choosing to label it as wave a.
---
once 5 waves down was attained, the nasdaq begun to retrace the 5 wave move, which is called wave b.
wave b can take many different forms, shapes, and vibes.
in this case, i'm calling it a regular zig-zag, thanks to the clarity which the spx500 + bitcoin are portraying.
---
my target for wave b has been the same since the 2022 lows,,,
15.2k.
>got you an update once wave b has been completed later this summer.
✌
![[primary nasdaq outlook].](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
---
decided to share the updated version of my count tonight,,,
>the key to this count is the spx500, which will be shared in the next post (keep an eye out for it).
---
what i'm portraying here is called a zig-zag.
the nasdaq came down from all time high in 5 waves,
5 waves is labeled either wave 1 or wave a.
in this case, to be extremely conservative, i am choosing to label it as wave a.
---
once 5 waves down was attained, the nasdaq begun to retrace the 5 wave move, which is called wave b.
wave b can take many different forms, shapes, and vibes.
in this case, i'm calling it a regular zig-zag, thanks to the clarity which the spx500 + bitcoin are portraying.
---
my target for wave b has been the same since the 2022 lows,,,
15.2k.
>got you an update once wave b has been completed later this summer.
✌
![[primary nasdaq outlook].](https://s3.tradingview.com/l/L2gt67O7_big.png)
