NASDAQ - Elliott Wave Analysis

Wave (5) in Progress - The Structural Read on the Final Leg

The NASDAQ 100 weekly structure remains in the terminal phase of a multi-year impulsive sequence originating from the October 2022 cycle low at almost10,400. The wave count, fully consistent with classical Elliott Wave principles, indicates that price action has now advanced into the final fifth wave of the larger degree pattern. Below is the full struc…