csmottola71

Nasdaq 69 min. update

Long
TVC:NDQ   US 100 Index
A B seems to have finally been put in place and should now expect 5 waves up to complete this C of B. Typical targets are between the 76 & 85% retracement zones, 15800 to 16200 (ish). I've left the triangle in because something curious emerged. The BC leg has the same extent both in time and price to the overshoot part of the E leg (ie: the part of E beneath the supporting line). I'm not sure what that means, you be the judges of that. Waves 1 and 2 of this C will suggest whether this entire (B) will complete in a running or expanded flat.

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