NQ - In the absence of a clean structure probability of a winning rate significantly drops.
The big picture is still the same.
We are dealing with a topping wave ( iii ) up.
If the spiky overnight move down last Tuesday was the final subwave -c- of a micro wave -iv- then we are dealing with the very final push higher in a micro wave -v- up that is supposed to complete subwave ( c ) of wave ( iii ) up.
The problem is the move off that overnight low made at 8,678 should have a-b-c up structure.
Instead we have got some mono wave that does not let us use any projections of subwave -a- up to nail the top of subwave -c- up.
NQ - 240 min chart updated at 8-40 AM on 1-13-2020
But in this case I can not get a clean micro five wave up structure inside the very final subwave -c- of wave -v- up…
Unfortunately we do not have a clean micro wave count at this point.
In the absence of a clean structure probability of a winning rate significantly drops.
We need at least some confirmation that the rally has topped in the form of violation of the green trend line and then the red trend line.
NQ - 15 min chart updated at 8-40 AM on 1-13-2020
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