Nasdaq corrective pattern seems to be done

Hello there.
Let's talk about irregular correction ABC's. An irregular correction is when the "b" wave tops higher then previous wave "a" high. This is a perfect bull trap because when we think the market will move higher, he starts correcting on a tremendous "c" wave down.
Now, "c" waves usually respects certain Fibonacci ratios based on "a" price movement. It can be:
c = a
c = 1,618*a
c = 2,618*a
With that in mind and assuming that the nasdaq is making an irregular corrective abc, with a little math c = 1,618*a=75,07 points. the market has done 76,4... pretty close.

Best to your trading
PH