NASDAQ // daily countertrend

The daily countertrend is valid with 1-2-3 waves down.


As long as the H4 short trend is also valid (below the H4 impulse base), the market is in the expansion phase of the short countertrend.

Targets are correction fibo 38.2 and 50, and the H4 target fibo 138.2 in line with the weekly impulse base.

This is the correction. Keep it in mind when calculating position size!

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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.

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Stay grounded, stay present.🏄🏼‍♂️

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