NASDAQ : Time to exit longs, but to early for "the big short"

Elliott waves count suggests that the NDQ is probably going to reach wave end near the current price area. Offering a retracement opportunity that could retrace back to 100% of last wave (III) as we can see that we already reached theoric target for wave (V).
At this point it's hard to say before we've seen what the corrective wave looks like.. But I'm speculating on a basic ZigZag retracement that could then lead to a double top formation target on wave (V). Then we'll have the real big short opportunity breaking down the trend channel.

Kommentera:

Update : Lower timeframe analysis tend to confirm ending of wave III coming soon. Here's the detailed scenario for those who may want to consider short entries :