Just a quick chart on Nasdaq to show what happens when the Elliott Wave count is completed?
Usually you'd see a major correction. The choice of word depends on the chart time frame. On a monthly chart its still a correction, obviously that is not true for a daily chart where it looks like a SPIKE down.
This chart shows, Wave 5 is terminating within Target zone.
Usually you'd see a major correction. The choice of word depends on the chart time frame. On a monthly chart its still a correction, obviously that is not true for a daily chart where it looks like a SPIKE down.
This chart shows, Wave 5 is terminating within Target zone.
AIMS Algo - Strategy, Indicator and Automation all in one. To get access visit our website @ iTradeAIMS.net or Send a Message.
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AIMS Algo - Strategy, Indicator and Automation all in one. To get access visit our website @ iTradeAIMS.net or Send a Message.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.