NASDAQ – I have given two wave counts blue and black. Both are bullish for the medium term. However
Blue Count
In this, we assume that wave 4 is completed and now we are just finishing the 1st impulsive wave upwards (which can have an intermittent correction today)
Black Count
Here the correction can be much deeper as shown, before the bullish 5th wave up. The 1st indication of this will be CROSSING DOWNWARD THE level at the red line -13330.
NASDAQ Opening On 24th Aug 2023