11 April 2025, #NQ100
Yesterday’s trading session invalidated the previously expected downward impulse structure. Instead of declining, the price shot up sharply, breaking through critical levels. Now the entire drop looks more like a simple zigzag, which itself appears to be part of a more complex corrective structure. At the moment, there’s a strong likelihood that this correction will take the form of a horizontal triangle. If that’s the case, we will soon see an upward move forming wave (b), which will help define the upper boundary of the pattern. Even within this scenario, the potential for upward movement looks attractive for buyers. Investment idea: BUY 18600, SL 18000, TP 21400.