I had to go and completely pull apart the NASDAQ and DOW JONES to get the practice I needed to work this one out.
As it turns out this is not really an expanded Zig-Zag, just a regular Zig-Zag that had a slightly expanded Wave B within Wave (B).
Using the same length as Wave (A) from the end of Wave (B) and we get our target of $43,400.
After we hit this level I expect Wave C down to commence.
See those other ideas below to see how the NASDAQ is going through a HUGE expanded Wave B.
Please LIKE and FOLLOW to get notification of updates and future posts.
As it turns out this is not really an expanded Zig-Zag, just a regular Zig-Zag that had a slightly expanded Wave B within Wave (B).
Using the same length as Wave (A) from the end of Wave (B) and we get our target of $43,400.
After we hit this level I expect Wave C down to commence.
See those other ideas below to see how the NASDAQ is going through a HUGE expanded Wave B.
Please LIKE and FOLLOW to get notification of updates and future posts.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.