$NQ #NQ #trading setup #Elliott Wave
This morning bears undercut the double bottom but then bulls stepped in and reclaimed that broken support 14,586:
That rally would be just a “dead cat bounce”, a corrective pullback, in a subwave (c) of a corrective wave ( ii ) up. completed corrective wave (ii) up shaped as the Running Flat structure would be followed by a very strong decline in a wave ( iii ) down.
That target for the rally is 15,176.
Break under 14,586 would invalidate that bullish setup.