NQ-1-16-2020-11-29-pm

NQ - two clusters of fibs that should finally stop that rally

This is a one million dollar question. Which of those two clusters will stop that subwave ( c ) of wave ( iii ) up.

The first lower cluster is formed by two fibs:

subwave ( c ) of wave ( iii ) = 100% of ( a ) of ( iii ) = 9,148 and

wave ( iii ) = 223.6% of ( i ) up = 9,203.

The second cluster is formed by those extensions:

( iii ) = 250% of ( i ) up =9,404 and

( c ) of ( iii ) = 123.6% of ( a ) of ( iii ) = 9,375.

On the one hand, 223.6% ext is a very common target for wave ( iii ).

But on another hand 100% ext for ( c ) of ( iii ) is allowed but normally ( c ) of ( iii ) gets a bit longer than ( a ) of ( iii ). So both targets formed by those two clusters of extensions are equally probable.

And the first target for a corrective wave ( iv ) down will be a demand zone located in between 8,746 – 8,692.

NQ - 240 min chart updated at 11-30 PM on 1-16-2020

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