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NQ - one more low would be a very interesting setup
I count this drop in NQ as a sharp drop in wave ( iv ) of C of 3. This is a textbook drop to the low of wave iv down of a smaller degree.
In my previous post I wrote: “I see a strong demand zone for NQ at 7,290 – 7,150.” NQ bottomed at 7,290.
In the ideal world we may be looking for a micro wave v of c of ( y ) of ( iv ) deeper into the Green Box.
But in cases like that sometimes that one more low never comes. If it comes I will consider it a very interesting buying opportunity.
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