The long term picture of the fate of the Nasdaq is starting to take shape in a predictable manner.
Alternation in Waves 2 and 4 gives me all the clues I need to proceed.
Wave 2 wave expanded with a sharp correction.
Wave 4 should be shallow sideways.
Depending on where Wave E lands this will probably terminate at 20,000.
Wave E might also find support back down on the rising trend-line right before Wave 5 begins.
See my related idea for the D Wave trade now in progress.
It's safe to say that I will be tracking this market until the end.
Please LIKE and FOLLOW to get notification of updates and future posts.
Alternation in Waves 2 and 4 gives me all the clues I need to proceed.
Wave 2 wave expanded with a sharp correction.
Wave 4 should be shallow sideways.
Depending on where Wave E lands this will probably terminate at 20,000.
Wave E might also find support back down on the rising trend-line right before Wave 5 begins.
See my related idea for the D Wave trade now in progress.
It's safe to say that I will be tracking this market until the end.
Please LIKE and FOLLOW to get notification of updates and future posts.
