NQ Elliott Wave Daily Update
Image source: Pixabay
We didn't manage to take out the 0.618 Retracement with one more high - followed be the mentioned sell-off. It seems that the Minute (4) in yellow is still in Progress. I do expect more downside to take the swinglow from January the 2nd to put in a new low and reset the chart by testing the 50% retracement. There I assume we reverse to the upside to put in the Minute (5).
Video Length: 00:09:04
More By This Author:
Nasdaq 100 & S&P 500 Elliott Wave Update - Tuesday, Jan 7
Weekly Technical Update: S&P 500 & Nasdaq 100
Nasdaq 100 & S&P 500 Elliott Wave Update - Thursday, Jan 2
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
more