NASDAQ - Possible moves [Wave Theory]
I'm not an expert of wave theory but I have an inclination towards it. Wave theory is nothing short of brilliance!
NASDAQ seem to have completed its 5 waves and now following the ABC retracement wave.
NDX should now move to its B wave and show some bounce. It should be followed by further downwards retracement during C wave. Trigger for C wave my be the FOMC meeting in Sept.
Let's see.
Disclaimer: I'm sharing my analysis. Wave theory is not my strong forte. Do your own research & analysis before taking any action.
NASDAQ seem to have completed its 5 waves and now following the ABC retracement wave.
NDX should now move to its B wave and show some bounce. It should be followed by further downwards retracement during C wave. Trigger for C wave my be the FOMC meeting in Sept. Let's see.
Disclaimer: I'm sharing my analysis. Wave theory is not my strong forte. Do your own research & analysis before taking any action.
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