NAS100 Why some suffer or can not understand all that bearish wave! even till now?! did i say before it would be one of the biggest correction moves in the index history if it is not the biggest before? even 19800 was nothing and i gave a hint i said still 50% missing from that wave! even 18800 which i expected also nothing! The only reason for that fall from ATH to now is for only one purpose! i said few times but again as i see in the comments since the ATH level even till now, opinions and trials to understand where it would go up or down! the purpose of that fall is the low of 05.08.2024! rather than that is not the right analysis!
NAS100USDtradingview.com/x/Rk2xZ7jE/ “Can’t repeat the past? Why, of course you can!” Jay Gatsby. But not yet there… You need three FIB retracements to understand the possible way forward 1. December 2021 HIGH 16771, bottom of bear market 10427 2. ATH to bottom of bear market 3. ATH to current weekly low FIB retracement. Within the first retracement -Structure has broken on weekly [20350] but not on two weekly frame nor monthly] Please also consider that Summer drop from 20792 to 17248 = 3544 points. ATH to most recent low. 22248 to 19124 = 3124 If we go past the 0.236 of the second retracement, we can look at end of wave 5, on the monthly; formation of wave A, on the Monthly and targets along the summer 2024 retracement [not included here] and further in the red rectangle. If we have reached the bottom at 19124 and move up we can look at formation of wave A on the weekly with targets between 20317 and 21055 [or some may say up to ATH and extension.