Elliott wave analysis for NAS100.US Tech 100 IndexPEPPERSTONE:NAS100discobiscuit28187.2 held as support on 17 July, consistent with a diagonal (red ellipse). However, price action from that bounce does not appear impulsive, but rather a double three (W is zigzag, Y is regular flat). Given this development, I see two possible scenarios: 1) 28187.2 holds as support and price goes for a (c) wave towards 30000, or 2) 28187.2 breaks on volume and confirms that the red ellipse is a leading rather than an ending diagonal, suggesting price to go lower quickly, with targets including the median line of the pitchfork shown.