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Nasdaq Composite

4 May 2020 ‚óŹ 06:59 AM

This is the outlier, the situation in which the NASDAQ composite can actually end up at a new high. The entire rise on the NASDAQ can be marked as a 5 wave move on the daily chart and there is reason to then consider this is wave A of an A-B-C move. The current decline would then be wave B which could be a simple zigzag or transform into triangle structure before wave C up and falls. The new high in the NASDAQ may appear against all odds but in an expanding triangle or expanding flat it is common for this to happen.

nasdaq 030520

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