Navigating NASDAQ's Waves: Insightful Analysis

7 thg 3

**Insights Unveiled:**
Embarking on a comprehensive journey through NASDAQ's post-2008 bull market, specifically honing in on the unfolding 5th wave and its intriguing ending diagonal dynamics. As we approach the conclusion of wave 3, it's time to delve into potential short-term opportunities on the horizon.

**Cracking the 5th Wave Code:**
1. **Wave 1 & Post-COVID Recap:**
- Wave 1 gracefully unfolded in 5 sub-waves.
- Post-COVID (March 2020 to Nov 2021) presented an ABC narrative, with a notable ending diagonal stealing the spotlight in wave C.
- The meticulous retracement of 61.8% (50% log-based fib retracement) acted as a definitive nod to a correction.



**Zooming into the Current Wave Landscape:**
1. **Navigating the Wave 3 Diagonal Seas:**
- Wave 3 takes center stage, mirroring the structure of wave 1 with ABC intricacies.
- A danced-out wave A, a flag-waving wave B, and an Elliott Impulse-packed wave C mark the current scene.
- Significant confluences at 61.8% (log-based fib) and 78.6% (simple fib) extensions from the post-COVID rally demand our attention.



2. **Unveiling the Layers of Wave C:**
- Delving deeper into wave C reveals a potential 5-wave completion.
- The confirmation awaits a breach of a specified level, potentially transitioning into a 4-hour chart diagonal pattern.



**Anticipating Corrections and Identifying Entry Points:**
1. **Riding the Upcoming Wave 4:**
- Gear up for the anticipated wave 4 correction, possibly adopting a flat structure.
- Eyes on the prize - a strategic entry point awaits as the market breaches the wave B barrier.

2. **Marking the Entry Zone:**
- Pinpointing a precise region as the probable entry point for the impending upward move.
- Brace for market sentiment shifts during the wave 4 correction, offering a calculated entry opportunity.



**A Glimpse into the Future:**
1. **Embracing the Long-Term Bullish Outlook:**
- Concluding our top-down wave analysis, a steadfast long-term bullish trend comes into view.
- While a short-term buying opportunity beckons, a correction reminiscent of 2007-2008 is anticipated, albeit with a gentler impact.

**Navigating Risks with Care:**
1. **Applying Elliott Wave Rules Thoughtfully:**
- In the dynamic world of market rhythms, consider Elliott Wave rules as a framework, not a rigid doctrine.
- Exercise caution, manage risks diligently, and seek professional counsel before making trading decisions.

**Important Note:**
Trading is an intricate journey. This breakdown serves as a guide and educational tool.