NDX is in a highly probable "Minuette" wave 5 (Impulse), with final target 7425-7467!
Final Targets (all waves "5") are calculated from different wave degrees (fractals):
"Minuette":
1,000 of wave 1 (7425,57)
1,000 of wave 3 (7466,68)
"Minute":
1,000 of wave 1 (7437,29)
The fact, that this wave has had an "Extension3" makes it highly probable, that wave "5" equals wave "1"!
"Minor":
0,618 of waves 1 + 3(6965,35)
Final Targets (all waves "5") are calculated from different wave degrees (fractals):
"Minuette":
1,000 of wave 1 (7425,57)
1,000 of wave 3 (7466,68)
"Minute":
1,000 of wave 1 (7437,29)
The fact, that this wave has had an "Extension3" makes it highly probable, that wave "5" equals wave "1"!
"Minor":
0,618 of waves 1 + 3(6965,35)
Commento:
Update see below on H1:
Commento:
Commento:
Scenario 1: NDX trades in a Extended5 ("Subminuette"-wave 5, grey), because wave "3" only made 1.000 of the preceeding wave "1". Possible tp is 7393 (1,000 of wave "1") and beyond.
Commento:
Commento:
Scenario 2: This is, what I prefer. See TPs in the chart.
Commento:
Recount on 1H:
Commento:
Commento:
!!!NOT VALID ANYMORE!!!