I spent the night thinking of a proper EW count for what's happening. The descent we have is very rapid and suggest we are in a downtrend move now. This count is a WXY with W and X being both double zigzags and Y is an expanded flat. I don't know how far Y will descend at this point. After this descent there may be a chance of a new ATH atleast in the nasdaq similar to what happened in Feb/Mar 2018.
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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.