Friday, August 2, 2024

8/2/2024 - NQ Update

I didn't count the squiggles for wave 1 of (3), but clearly it wasn't done working it's way down yet along with the alternate bearish count. I made a slight adjustment to the WXY alternate count. Zoomed in there is a triangle that formed all day, that may be indicative of a wave 4 to complete wave 1 of (2) or wave c of (Y).
Zoomed in view of the triangle. So let's see what the market brings next week/overnight Sunday. Will there be a flush to 18300s to complete the head and shoulders pattern near a fairly strong support level?