Wave 3 gap-up opening on Tuesday, with wave 3 completed int he morning and wave 4 pullback during the middle of the trading day.
Nasdaq seems to have started wave 5 up-leg at the end of the day. If so, look for NQ to completed the wave 5 in the morning, once completed should start its first reversal pullback down-leg in the afternoon.
However, if Tuesday high was wave C instead of wave 3, then NQ should decline on Wednesday without making a higher-high.
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ES 5-minute chart pattern is indicating that it has not started its wave 5 rally, but the trajectory is similar to NQ's.
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