NASDAQ – Elliot wave always give an alternate view and must be viewed with an open mind and corelated with the current socio political and current fundamentals.
Below I am giving two alternate views of NASDAQ. Both have equal weightage and CURRENTLY I have no favored view as such.
ALTERNATE 1
CYCLE WAVES , as the name suggests, are cyclical in nature, and are multi year in the making. The cycle wave V is currently in the making and there is no dispute in that. Will the cycle wave V subdivide OR it will complete within the wave 5(shown in orange ) complete now.
Above wave IV is assumed to be over.
ABOVE wave IV is assumed to be NOT over as yet, and wave V is yet to start.(but after a good correction)