$NQ #NQ-mini #trading setup #Elliott Wave
We can count the move down off the July high as a corrective (a)-(b)-(c) down structure:
NQ dropped to the Green Box formed by two retracement fibs, 30% and 41.4%.
NQ has hit the target 1 = 14,829, a 30% retracement of the preceding five wave up rally.
I expect to get at least a corrective a-b-c up bounce to test the Red Box. If bulls manage to break over the Red Box they would be able to push NQ to a new high of the year in a wave (v) up.