In our last Nasdaq analysis, we had a higher timeframe overview and we indicated that we wanted to move down once more to get to our perfect buy area.
We had a complex correction for the bigger wave C. We can see that we are in a 3 wave correction with wave B having a sub 3 wave correction which recently completed.
Looking to take NASDAQ down to around the 15500 level.
Trade idea: - Enter with stops above the recent highs - Target the 15500 as targets (1300pips)
Be sure to use risk management with this trade as indices are really volatile.
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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.