NASDAQ Futures H4 & Daily Update + Gann Fan

According to my main count what just happened was the low for wave C was hit.The form of the correction fits to the ABC Running Flat (3-3-5) correction pattern. There is an importatnt harmonic relationshio at the current level as well: A=C. Those are the clues telling me wave 4 correction might be over. On the other hand, the alternative count, the latest impulsive wave down might be wave 1 of a larger decline but as far as I am concered the top for Nadsaq market would have to be the wave B top and this wave is rather hard to count as an impulsive or even ending diagonal wave 5 of topping market. Nevertheless, non-linear regression models shoes more weakness ahead on H4 TF and moderate strenght on Daily time frame with differnet start date (2008 and 2011 lows considerated).

Seb

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

View all posts

Dodaj komentarz

Twój adres email nie zostanie opublikowany. Pola, których wypełnienie jest wymagane, są oznaczone symbolem *

This site uses Akismet to reduce spam. Learn how your comment data is processed.