On the bullish chart shown above I labelled that low made at 10,656.50 on Sep 21st, 2020 as the bottom of wave -4- down.
But that low could be only the first leg down in subwave -A- of wave -4 down! That consideration brings us to the Bearish count shown below.
Because I can not get a perfect textbook five wave up micro structure in that subwave ( c ) of wave -B- up I have to consider and present you below that alternative Bearish-2 count where NQ should stretch higher in a micro wave v up even under the BEARISH scenario.
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