View the Forest, Not the Trees
View the Forest, Not the Trees 🌲
$NASDAQ 100(NDX)$ Weekly chart makes the bigger picture clear: we’re in the midst of a 5th wave finale ⚠️
Price just tagged the first 5:1 Fib ratio at 24,750 (50% of Wave 1), with higher targets at 25,200 (61.8%) and 25,650 (5 = 1).
But with these levels coming into play, the risk of a higher-degree correction looms — potentially aligning with the October monthly candle.
The key signal🔑: A decisive break below the 2/4 trendline, near 24,000, would be the strongest warning yet that the largest correction since April is underway.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2512(ESmain)$ $E-mini Nasdaq 100 - main 2512(NQmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Dow Jones(.DJI)$ $iShares Russell 2000 ETF(IWM)$
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