$NQ #NQ-mini #trading setup #Elliott Wave #toppy
This is how I concluded my weekend report: “…This micro count argues for first for a micro a-b-c down consolidation making a higher low (at 14,655 – 14,600) and then for one more spike higher up to 15,000+:”.
Unfortunately we did not get any consolidation but a direct move up to the target:
NQ has hit a confluence of two important levels:
- a 138.2% ext of the subwave -a- up of wave (z) and
- a 66.7% retracement fib applied to the whole decline off the Nov’21 top.
To confirm completion of the really bears need to break under 14,436.