Since peaking on October 30, 2025, the Nasdaq (NQ) has remained in a sideways consolidation, a pattern that appears poised to resolve lower. The decline from that high marked the completion of wave (W) at 23,994.5. Subsequently, a corrective rally unfolded, ending wave (X) at 26,349, after which the Index turned down again into wave (Y). The internal structure of wave (Y) is developing as a double three Elliott Wave formation, underscoring the complexity of the ongoing correction. From the termination of wave (X), the market produced a decline that completed wave W at 24,000. Following this, wave X began to unfold as a zigzag Elliott Wave structure. Within this sequence, wave ((a)) advanced to 25,217.5 before a pullback commenced in wave ((b)). This retracement is currently in progress and