Nasdaq has been showing very clear impulse and corrections. The corrections appear to be always an ABC contracting triangle.
We could in wave A of the ABC correction now.
The trade to look for is the impulse after wave C, which is the big move. However we can capitalise on wave B now. Watch for a bounce off the channel support. We've seen that wave B has a correction midway through the move which would be a good point to put trades at BE.
Due to the uncertainty in world economics, it is imperative to play this one safe and use proper risk management.
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