NASDAQ 100 MAJOR REVERSAL SETUP/VOLUME WANING

Elliott Wave Theory is a wonderful forecasting tool that provides confluence in conjunction with many technical such as the MFI, Awesome Oscillator, and Bull Bear Power.
Indicators such as Moving averages and ALL Chart Patterns just to name a few, beautifully align painting an amazing roadmap of reversals.

Motive wave in Green, Corrective wave in Pink
Orange Waves are sub waves.

Solid lines are completed, whereas the dotted lines are in progress. The likelihood of a wave count becoming invalidated has a lower probability on higher timeframes for example Day/Week/Month, whereas on lower timeframes such as 1 minute to 5 minute. I've observed wave count invalidation/recalculation of the wave counts more frequently.

With all the news of Tariffs and such the Elliott Wave follows the data, buy/sell side, liquidity, and volume.

Speaking of volume:
April Vol was 15.39M
May Vol was 10.74M
June Vol was 9.04M
As of July 11th it is at 3.37M with 17 trading days to go.

Don't get BULL trapped!!

HAPPY TRADING