Years ago by hand, I did old school PnF charts. Very accurate analysis to answer.... "How did we get here? & Where do we go from here?" I've got some amazing graft paper stored in a box somewhere around here.
Think we both can agree.... use tools your most comfortable using.
Your projection, is it only from a W formation? Heck I'll look at most anything, ya never know, It may have value!
Below is a 4 hr. NQ update. After my last chart, nas began the anticipated uptrend. It really never showed pride in the move. With a spring in the background It should of made a statement. This is my weakness... I may mislabel this as a lack of demand. There's no belief or conviction in the move. Were making higher highs higher lows but in reality there's a lack of supply. The test of support was necessary to build the PnF cause to sustain the markup phase we just entered.
Anyway hope all is well on you end!
As always ... Trade what you see