The complex corrective structure observed on the Nasdaq 100 (NAS100USD) 4H chart technically points to the final phase of Wave Y. The selling pressure stemming from the X (y) peak has completed its "intermediate rest" via Wave (b) and has now given way to an impulsive decline. According to our analysis, the price is expected to stretch toward the 23,860 point region and conclude the long-term Wave (4) correction there. This zone aligns with the structural support base. Continued downward momentum will confirm this "ultimate bottom" scenario. To ensure you don't miss these critical market reversals and professional trade setups, subscribe to the Ewplans newsletter now!
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