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📉 NAS100 – 4H Elliott Wave Breakdown

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Posted: June 13, 2025

A clearer Elliott Wave count suggests that the NASDAQ 100 is currently unfolding wave (iv) within an ongoing impulse. The latest structure from the high resembles a classic A-B-C correction, targeting key fib retracements before wave (v) resumes.

NAS100 4H – Wave (iv) Unfolding
Wave (iii) may be in at 21,800, with a corrective A-B-C now unfolding into wave (iv).
Looking for support near 21,000–20,200 before wave (v) resumes higher.

🧩 Updated Wave Count

  • The full impulse from the April low shows:
    • Wave (i) and (ii) completed
    • Wave (iii) peaked near 21,800
    • Now in wave (iv): unfolding as a potential flat or zigzag
  • The correction is targeting the 0.236–0.382 fib zone, around:
    • 21,000 (0.236)
    • 20,200 (0.382)

🧭 Projection

  • Wave (v) is projected to extend beyond 22,000 once wave (iv) completes.
  • The wave (iii) trendline may act as dynamic support if retested during wave (iv).

⚠️ Risk Levels

RSI and MACD also confirm temporary weakness but not reversal.

A breakdown below 20,000 would cast doubt on the impulse structure.

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