NASDAQ (14) Correction until end of August?
Yesterday, NASDAQ (D) is in a "Minuette"-wave 4 and has probably finished the first corrective part (W=Failed Flat=?) of a "Subminuette"-WXY-combination. (Please keep in mind, this could also be a ABC-correction!)
Now, NASDAQ is in an upswing, which should be relatively strong (after a preceding "Failed Flat"). Target for this wave could be 5850 and above and can have a impulsive- or an corrective-pattern.
The whole correction will take another 1-2 months to complete!
Targets for the overall correction of this "4":
T1: 5575 (Fib. 0,24)
T2: 5384 (Fib. 0,38)
BTW: The preceding "Minuette"-wave 3 stopped exactly at 2,618 of wave 1+3.
Now, NASDAQ is in an upswing, which should be relatively strong (after a preceding "Failed Flat"). Target for this wave could be 5850 and above and can have a impulsive- or an corrective-pattern.
The whole correction will take another 1-2 months to complete!
Targets for the overall correction of this "4":
T1: 5575 (Fib. 0,24)
T2: 5384 (Fib. 0,38)
BTW: The preceding "Minuette"-wave 3 stopped exactly at 2,618 of wave 1+3.
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