csmottola71

Nasdaq New Wave Count

Long
TVC:NDQ   US 100 Index
Scrapped the old count and onto the next most probable count. We are still completing the A Wave of Primary degree within a Cycle wave 4. This A wave has developed into an expanding triangle and is within a 5th wave of E, hence closing up to completion. If this is an ABC correction B wave will make new all time highs. This is because the closest alternative to an ABCDE triangle formation would be a wave 1 leading diagonal and since wave 2 can't retrace more than 100% of wave 1, any correction falling short of all time highs should be considered a wave 2 of Primary degree within a Cycle degree ABC wave 4 pattern.
Trade active:
No change to date. Hold long positions until targets are reached or count denied.

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