$NQ #NQ-mini #Elliott Wave #trading setup
In the previous update posted on 31 July 2023 we correctly forecasted an upcoming bearish reversal:

Let’s look how that chart looks like now:

NQ broke under support of the blue trend line. That trendline managed to hold price since early May 2023.
I expect this leg down to extend and tag the target 1 = 15,340. Note this is where a 500 MA on 120 min chart is located. Note that much stronger support is located lower, at 15,150 – 15,116.