Nasdaq 5 waves

    Posted by matt on 22nd of Nov 2018 at 10:22 pm

    $COMPQ - Chart Link - can count a 5 wave structure on the Nasdaq

    What does it mean??probably due

    Posted by money786 on 23rd of Nov 2018 at 07:51 am

    What does it mean??probably due for a 3 wave bounce soon?

    Don't get bogged down in

    Posted by steve on 23rd of Nov 2018 at 08:44 am

    Don't get bogged down in counts as the QQQ has a completely different look (wave A then wave B bounce and now wave C unfolding) Wave C's are typically AT LEAST  .618 of wave A which was reached at QQQ 158 so let's see if it extends or a bounce unfolds with the divergence.  For the 100th time,  mapping is simply a guide and one should focus on the triggers ont the time frame one trades. 

    Yes - I simply posted

    Posted by matt on 23rd of Nov 2018 at 09:37 am

    Yes - I simply posted Tony Caldaro's wave count from OEW and Yes I am well aware that the QQQ's have a different count. Yes Steve made clear the wave C and and 0.618 etc. Guys I wasn't implying anything from that chart of actionable note, just an observation from a source we follow from time to time

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