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So now we start with the NASDAQ.
Thereare some thinks that made it to my faforit marked.
So lets start with the Big Picture
W1 LOG NASDQ_2021_02_24_W1_1_Nasdaq
Interisting is that there is a channel witch diskibes the current trent since 2009. You can sea it as an 12345 impulse and you can sea that there is the posebility that the 5 runs. When we start to aim on fibunaci targets we see that the length of thhe 1 is similar to the length of the 5. Its a typical tread wen the 3 extends. And the 1st reaktion in the last days where heavy.
Now a litle bit closer
NQ H4
NASDQ_2021_02_24_H4_1_Nasdaq
In the Chart we can sea tha the 1st mouves sems to be just abc up. This is a possible clou that the whole 5 isn t finish jet. But a big korrektion seams to run ore better taken speead.
Posibly in a 4 ore a 2. But jet it isnt jus a gues.
Just a litle closer
NQ H1 NASDQ_2021_02_27_H1_1_L&S
Here we can sea a shoulder hed sholder formation with a neck line and a support zone. If this falls a lot of trend trader will sell they positions so there will be spead in the read candles
And now the point and very cloe
NQ M5
NASDQ_2021_02_27_M5_1_L&S
when we count the wafes in the correctur we recocnise a diagonal abcde and its finished, so theres no posebility to continue the mouve up. Plus the 61.8 Retracement hits and the line 0 - sible 2 holds the Maket down. If the read trigger line falls ther will be a bad day for the Market.
The Target is pm. the 161 from the 1 and could be at 11990 this is 7% lower and not unnecessary for thes mouvements. There is a warning its hard to mes with such mouevements. Its a III in a 3 ore a c and thats always one of the fastest. so be careful with long.
I post a video but only jet make one in German maybe i try it in english later.
This week it hit the trigger and start running very quick.
DOW H4
DOW_2021_02_27_H4_1_L&S
There are two target lines, so its possible he just take the 1st one.
Aditional to say is that the formation could also be a ending diagonal triangle from the Elliott Teory, so it ands the whole Trend since 2009 and the market turns direction fore some years
The DOW don`t reacts god to Trend lines, but Wolfe wafes are one of the patterns that really works god at the trading with him.