$NQ #trading setup #Elliott Wave #a-b-c down
Under the bullish scenario we have been expected a corrective a-b-c down consolidation in a subwave (b) down of wave ( iii ) up:

NQ-mini Daily chart
Normally, the subwave (b) down of wave ( iii ) up has a clean -a- down, -b- up, -c- down subdivision.

NQ-mini 30 min chart
Off the Friday low NQ popped up and retested the previously made high made by the subwave (a) of wave ( iii ) up (see teh yellow box on teh Daily chart shown above).
Bears consider that move up and re-test of teh previously made high as a corrective subwave -b- up. Under that micro bearish scenario we should get another leg down in a suwbvave -c- of (b) down