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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: kckip who wrote (39053)12/4/2021 9:44:42 PM
From: skinowski1 Recommendation

Recommended By
kckip

   of 39486
 
Yes, at this time NDX shows a three-waver down. If it traces out w4 and w5 down, it becomes an impulse - which would “invite” a bounce (2 or B). Next, we would expect a decline to new lows (C or 3).

Hence, the hope for the bulls is that the correction is over, or close to that - and the bull market resumes.

So, in the end, the forthcoming bounce will show us an indication of what’s to come.
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