NDX is in a highly probable "Minuette" wave 5 (Impulse), with final target 7425-7467!
Final Targets (all waves "5") are calculated from different wave degrees (fractals):
"Minuette":
1,000 of wave 1 (7425,57)
1,000 of wave 3 (7466,68)
"Minute":
1,000 of wave 1 (7437,29)
The fact, that this wave has had an "Extension3" makes it highly probable, that wave "5" equals wave "1"!
"Minor":
0,618 of waves 1 + 3(6965,35)
Final Targets (all waves "5") are calculated from different wave degrees (fractals):
"Minuette":
1,000 of wave 1 (7425,57)
1,000 of wave 3 (7466,68)
"Minute":
1,000 of wave 1 (7437,29)
The fact, that this wave has had an "Extension3" makes it highly probable, that wave "5" equals wave "1"!
"Minor":
0,618 of waves 1 + 3(6965,35)
Note
Update see below on H1:Note
Note
Scenario 1: NDX trades in a Extended5 ("Subminuette"-wave 5, grey), because wave "3" only made 1.000 of the preceeding wave "1". Possible tp is 7393 (1,000 of wave "1") and beyond.Note
Note
Scenario 2: This is, what I prefer. See TPs in the chart.Note
Recount on 1H:Note
Note
!!!NOT VALID ANYMORE!!!
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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.