#US100 (Nasdaq) Elliott Wave Analysis
Here's the cleaned version:
Price fell for weeks straight into wave v of (c). We were watching two things line up at once.
The Daily 200 EMA said stop. The wave count said the same thing at the same time. Wave (c) of Y completing right into that dynamic support isn't a coincidence.
That's the whole game. One signal alone is noise. Two independent signals agreeing on the same zone is where the reversal gets built.
The impulse up from that low is already tracing i-ii-iii-iv-v on the 4H. Wave iv found support right where a wave 4 should, above the wave i high, and price pushed into a new v. Structure and location agreeing again.
NAS100 is turning. Not because we hope so. Because the EMA and the wave count both pointed at the same floor, and price respected it.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Elliott Wave analysis involves subjective interpretation. Always do your own research and manage your risk accordingly.
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