Over here, I attempt to short Nasdaq again after another failure yesterday. This time, the 5-waves structure is supported by Fibonacci Extension level at 2.618x sub-wave 1 against entire wave 5 structure.
However, take note the circled area where I pointed out 2 imperfections in the wave structure:
1. Wave 4 overlaps Wave 1
2. Sub-wave 4 overlaps Sub-wave 1 (a comparison with S&P500 increases the odds that it may still be a valid count)
Given the imperfections of the wave counts, we still need to set our stop above the all-time-high to protect ourselves.
Good luck!
However, take note the circled area where I pointed out 2 imperfections in the wave structure:
1. Wave 4 overlaps Wave 1
2. Sub-wave 4 overlaps Sub-wave 1 (a comparison with S&P500 increases the odds that it may still be a valid count)
Given the imperfections of the wave counts, we still need to set our stop above the all-time-high to protect ourselves.
Good luck!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.