NASDAQ Elliott Wave Analysis Higher Timeframe (22/07/2023)

In the weekly, the NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II. In the daily and 4h, it looks like the upward structure as a wave (3) might finish soon. Investors should wait for a good pullback before buying again. Currently, as an investor, we are in an area to take profit.