NDQ Elliott Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview: let's review our previous expectations:
July 18th: NDQ is super close to the peak of wave 3 (15923.32 or 15980.27 as potential target). What comes next is wave 4 as a 40W cycle trough, expected on the first week of August.
July 30th: I have 15172.98 as a potential target for the bottom of wave 4. I am expecting the upcoming 40W trough in the middle of August.
Update:
Analysis of the structure: right now we are in wave IV of (c) of y of 4. I have 14186.16 as my target for the bottom.
Analysis of the cycles: we in inside the last 10D cycle of the 40W cycle. I am expecting this trough to form in the second half of the coming week.
Note that a nominal 40W cycle has 272 days. So far, this 40W cycle trough had 308 days since 2022 bottom.
This is a great buying opportunity as we should get a nice bounce out of this 40W cycle trough flying to ATH and above.
July 18th: NDQ is super close to the peak of wave 3 (15923.32 or 15980.27 as potential target). What comes next is wave 4 as a 40W cycle trough, expected on the first week of August.
July 30th: I have 15172.98 as a potential target for the bottom of wave 4. I am expecting the upcoming 40W trough in the middle of August.
Update:
Analysis of the structure: right now we are in wave IV of (c) of y of 4. I have 14186.16 as my target for the bottom.
Analysis of the cycles: we in inside the last 10D cycle of the 40W cycle. I am expecting this trough to form in the second half of the coming week.
Note that a nominal 40W cycle has 272 days. So far, this 40W cycle trough had 308 days since 2022 bottom.
This is a great buying opportunity as we should get a nice bounce out of this 40W cycle trough flying to ATH and above.
