Catching the NDX Bounce

This a nice example of how timing works.  We watch timing to anticipate possible changes in trend.  In this case we had the coincidence of 4 time relationships between 3/4 and 3/5.  Since NDX was trading straight down into these cycles, we were anticipating a possible low to develop.  

This along with some Fibonacci price parameters told us to watch for the possible reversal back up.

So far we have seen a rally of 909.48 from the 3/5 low made directly within this time window.  Coordinating time and price....followed with a buy trigger is the way to go with it!

Carolyn Boroden, who is renowned for her expertise in Fibonacci price and timing analysis, hosts the Fibonacci Market Analysis service at ElliottWaveTrader.