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NQ - two macro scenarios I am watching here

I can see two slightly different scenarios:

 

1. The bearish scenario (show on the chart below) argues that subwave -B- down of wave -5- up has not completed yet.

Under that scenario NQ may decline to 11,000 or even 10,760 in subwave C of -B- down.

 

NQ - Daily "Bearish" chart updated at 11-00 PM on 11-09-2020

2. The Bullish count shown on the chart below argues that the last low made at 10,944.50 on Oct 30th was the bottom of subwave -B- down of wave -5- up:

NQ - Daily "Bullish" chart updated at 11-00 PM on 11-09-2020

Under that Bullish scenario the move up today was a micro wave ( i ) up in an impulsive rally of subwave -C- of wave -5- up.

Under that scenario this decline may get down to 11,436 or even to 11,300.

Note that the main difference between those two scenarios is in the structure of the decline off the top made on Monday morning.

Under the Bearish scenario NQ should decline in five wave down structure.

Under the Bullish scenario decline should be following a clean (a)-(b)-(c) down structure.

The Bullish scenario in NQ is aligned with the Bullish (i) up, (ii) down scenario in ES.
Below you can see how the Bullish Scenario would look on a micro scale.
As I mentioned above, under the Bullish scenario decline should be following a clean (a)-(b)-(c) down structure.

And this drop looks like subwave ( a ) down to be followed by a corrective bounce in subwave ( b ) up.

NQ - 30 min "Bullish" chart updated at 11-00 PM on 11-09-2020

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