One Way We Can Count $NQ Is as a Correction

I’m not particularly eager to dive in long in the middle of a selloff I just predicted, but I am trying to make sense of the structure on $NQ. One way to do so is as a pair of triangles joined where the first was the B wave of minor (green) A, and the second was itself the whole of minor (green) B. It would look like this:


Following that, we would expect a pretty impulsive minor (green) C which should subdivide as a 5-wave impulse. And so we would try to count it roughly like this:


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

One thought on “One Way We Can Count $NQ Is as a Correction”

Leave a Reply

Your email address will not be published. Required fields are marked *