Market Crash - QQQ Ascending Wedge

12 июн.

Here we have yet another rising wedge, this time on QQQ. This pattern started back in October of 2023, so if we fall below, that's most likely going to be a substantial move. The longer the time period you have for a pattern, the bigger the move. An upside breakout is possible, if it breaks this wedge to the upside that'd be quite bullish. Easy to say it's bullish if it hits a new ATH, but when you have a bearish pattern that flips bullish, it usually adds even more movement. The best odds are for it to fall below.