Yesterday Grega shared free analysis on Twitter, regarding his Elliott wave look on Nasdaq100. He highlighted potential support area for a corrective three wave drop.
intraday correction in play, potential support at 12530-12600 area
— Grega Horvat (@GregaHorvatFX) March 28, 2023
Keep in mind that as long as the trend is up, each three-wave drop is seen as a pause within an uptrend. And, when you see a response from that support and rally like in our case, then you can expect a resumption higher, in our case back to March 22nd highs, for a fifth wave.
GOLD Is Making A Correction Within Uptrend. Check our chart HERE