#NQ100: SELL 21100, SL 21400, TP 19800 | 20 May 2025
20 May 2025, #NQ100
The situation with the NASDAQ index continues to unfold according to the previously outlined scenario. The index extended its upward movement, though this move most likely represents a corrective pattern, probably forming a simple zigzag. Currently, this zigzag seems to have completed, which opens the door to a new downward move, likely also forming as a zigzag. This next wave would represent a portion of a larger wave (C), which itself is part of a contracting horizontal triangle. Given this setup, current conditions appear favorable for initiating short positions. Investment idea: SELL 21100, SL 21400, TP 19800.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
