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Elliott Forecast

Eric Morera

Elliott Wave View: Nasdaq (NQ) Looking to do Bigger Pullback

February 23, 2022 By

Short Term Elliott Wave in Nasdaq (NQ) suggests that the decline from February 2, 2022 peak is unfolding as a . Down from February 2, wave A ended at 14362.75, and rally in wave B ended at 15068. Index then resumes wave C lower towards 14031. This completed wave (W) in higher degree. Corrective rally in wave (X) ended at 14672.44 with internal subdivision as a zigzag structure.

Up from wave (W), wave A ended at 14394 and pullback in wave B ended at 14102. Wave C higher ended at 14672.44 which completes wave (X) in higher degree. Wave (Y) lower is in progress with internal subdivision as a zigzag. Down from wave (X), wave ((i)) ended at 14381 and wave ((ii)) ended at 14645, Wave ((iii)) ended at 13809.75, wave ((iv)) ended at 14157.50, and final leg lower wave ((v)) ended at 13580.25. This completed wave A of (Y). Wave B of (Y) rally is proposed complete at 14108.25 and Index has turned lower. Near term, as far as pivot at 14672.44 high stays intact, expect rally to fail in 3 or 7 swing for further downside.

Nasdaq (NQ) 60 Minutes Elliott Wave Chart

Nasdaq (NQ) Elliott Wave Video

Source:

#elliottwave #trading #nasdaq

23/02/2022 1 EN

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Elliott Forecast

Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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