US100 (Nasdaq) Elliott Wave Analysis
The Nasdaq 100 is a tech-heavy index that includes the largest non-financial companies listed on Nasdaq. It is more volatile than the Dow or S&P 500 and tends to lead market direction.
US100 impulse waves are typically extended due to tech sector momentum. Wave 3 extensions to 200% and beyond are common during tech rallies. Corrections often form complex structures as sector rotation creates overlapping waves.
Key levels at 16,000, 17,500, 18,500, 20,000. Tech earnings seasons create volatility clusters around wave completion levels.
Nasdaq wave counts should be cross-referenced with semiconductor and AI sector performance. When the NVDA-led cycle aligns with a Nasdaq Wave 3, the move is typically powerful.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
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