Name: NASDAQ Elliott Wave Analysis for Monday 18/12/2023 (+ HTF)
Uploaded: 2023-12-17T11:39:17.861551
Channel: AndyCuckoo
Description: The wave (4) as a WXYXZ structure in the primary scenario was earlier confirmed as we took out the wave (3) high. We are now working on a wave (5). In the daily time frame, the move up looks still very strong. Therefore, we are considering an alternative scenario where the wave (4) pullback is a wave (2) correction. That would mean that we are doing a wave (3) now.

Elliott Wave nasdaq nasdaq100

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The wave (4) as a WXYXZ structure in the primary scenario was earlier confirmed as we took out the wave (3) high. We are now working on a wave (5). In the daily time frame, the move up looks still very strong. Therefore, we are considering an alternative scenario where the wave (4) pullback is a wave (2) correction. That would mean that we are doing a wave (3) now.