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Will_Wong

QQQ: Wave 4 End Game Approaching. Confluence of 200MA, 23.6% Fib

Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
Will_Wong Обновлено   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Wave Analysis
9
20
waveanalysis
and Wave A = Wave C support. Watch wave (iii) carefully. If trend support holds and wave (iv) bounce commence soon after open on Monday, it is likely that 23.6% Fib will hold. Otherwise, Fib 38.2% might get tagged.
Комментарий:
QQQ gapped up at the open and never looked back. Wave (iii) was cooked last Friday and the trend support held. At the end of the day, QQQ formed a long green hammer which is bullish. As it is, QQQ remains inside the up-channel. If QQQ encroaches into wave (I) tomorrow, then this count will no longer be valid and we will have to look at something more bullish, including the possibility that Feb 09 low was the end of wave 4.
Комментарий:
Bearish Engulfing today. Count remain intact.

snapshot
Комментарий:
I think today's price action brings QQQ closer to the end of wave 4

snapshot

Связанные идеи

Will_Wong
QQQ: Wave 4 Completed today. Wave A = Wave C and closed above
Will_Wong
QQQ: A deeper and extended Wave C with a HnS Pattern that also
Will_Wong
QQQ: Today's price action indicates that wave 4 is still
Will_Wong
QQQ: The bearish week actually closed out with a bullish
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