NASDAQ: The Wave Structure Is TalkingUS Tech 100CAPITALCOM:NAS100Mehdi_Abbasi_EWPOn the larger degree, NASDAQ is still developing within a large impulsive structure, and what matters most right now is the Third Wave still unfolding. It has not yet reached a point where we can reasonably declare it complete simply based on wave proportions. The daily chart tells a similar story on a lower degree. After Wave II, the market has continued developing impulsive structures, and more recently we can see several nested 1–2 structures. If this count remains valid, these nested structures could be preparing the market for a stronger Third Wave at lower degrees. The channels and horizontal levels on the chart are not there simply as targets. They are structural decision points. The market needs to show whether it can respect the base channel, break previous highs, and continue developing impulsively while maintaining proper wave proportions. Now comes the more interesting part. When we look across the broader equity market, DAX, S&P 500, Apple, and Tesla are also showing structures that, according to their individual counts, can be interpreted as nested structures or diagonals. This does not mean they have a 100% correlation or that their wave counts must be identical. Different markets can develop at different degrees and on different timelines. But when several major markets begin showing similar structural characteristics, they are worth watching as an important intermarket structural clue. And this leads to one important question: Is the diagonal Leading or Ending? If the structure ultimately confirms a Leading Diagonal, it could become part of a larger impulsive advance, potentially followed by a stronger Third Wave. But if the structure develops the characteristics of an Ending Diagonal, the story changes. The market could still make new highs, while simultaneously approaching the final stages of a larger structure. So a new high alone is not enough to conclude that the market has entered a powerful Third Wave. Structure matters more than price. As long as NASDAQ maintains its channel and impulsive structure, and these nested 1–2 sequences develop into stronger Third Waves, the continuation scenario remains favored. But if increasing overlap, corrective price action, and diagonal characteristics begin to appear, the conservative scenario deserves more weight. So the roadmap is simple: We follow the structure—not the prediction. NASDAQ, DAX, S&P 500, Apple, and Tesla do not have to move in exactly the same way. But if their structures begin confirming the same larger idea, they may become different pieces of the same puzzle. Ultimately, the market itself will decide whether we are witnessing a powerful Third Wave or the final stages of a diagonal structure. — Mehdi Abbasi | Mr. Nobody EWP US 100 Cash CFD yesterday NASDAQ: The Third Wave Isn’t Done