The full Nasdaq HW? Was the dot com just a fractal? The implications here are self explanatory. Absolute devastation to the index is it is a larger HW structure... unless ofcourse supported by a prior phase line, hopefully the Phase 3 (continued to the right) would support and then continue because a return to Phase 2 or 1 would be a complete collapse of the stock market that would be hard to imagine.
So we have breached the wave 4 structure, does that mean there should be a retracment to wave 3?
ATCTA
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@asher.creates, not necessarily, check out hyperwave on YouTube, they have drawn the HW for Bitcoin and many episodes explain the rules better than I can. I do not think this is a HW like the original, due to the length of time and how large it is so not sure if we will go into a phase 5