NASDAQ100 | Wave 4 Correction Within Channel

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Price has respected a clean ascending channel, completing a clear 1–2–3 wave sequence. We’re now seeing a corrective pullback that aligns with the wave 4 region — testing the midline support of the channel. As long as this structure holds, the broader wave (3) remains intact.

Scenarios:

  • Scenario A: If the lower channel and wave 4 region hold → potential continuation higher toward wave 5 and the upper boundary near 26,600–26,800.
  • Scenario B: If the channel support breaks → deeper correction likely toward 25,800 before any potential resumption of trend.

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