NASDAQ Elliott Wave Analysis for Wednesday 20/12/2023 (+ HTF)

The wave (4) as a WXYXZ structure in the primary scenario was earlier confirmed as we took out the wave (3) high. We are now working on a wave (5). In the daily time frame, the upward move looks still very strong. Therefore, we are considering an alternative scenario where the wave (4) pullback is a wave (2) correction. That would mean that we are doing a wave (3) now.