$NQ #NQ #trading setup #Elliott Wave
Under the Macro Bearish scenario bulls tested the Red Box and got rejected:
That scenario allows bears to keep pushing lower in a wave v down. See the path we discussed the last week.
My main doubt about that bearish scenario is that a normal wave iv up has a clean a-b-c subdivision. That one does not have a complete loking structure.
This is why the Bullish scenario remains on our table:
This is how the bullish scenario looks on a 30 min chart:
Break under 14,670 would invalidate the bullish scenario…