Still need that small iv.

Aug 12, 2022 - 3:49 PM EDT

There is a risk now that this further extension of our "third" allows it to count more like ABC for yellow (A).

A clean fade here as iv is not just ideal for wave 1 of (5) but continued extension directly toward 14k could be much less bullish overall.

Have a great weekend! Good Shabbos!

*QQEW not making a higher high (yet) today.

@NQ# - Primary Analysis - Aug-12 1546 PM (12 hour)

@NQ# - Big Macro Clean - Aug-12 1549 PM (1 hour)

QQEW - Primary Analysis - Aug-12 1555 PM (30 min)

Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.

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