$QQQ - bear count
No changes to this guy
I posted this chart during the week and so far we are following my path (green arrow) perfectly. The bears need to act early next week and reject this in the downtrend zone (pink channel).
If we do follow this path we could expect a dip buy in the 375 - 380 range.
Note: due to potentially "shallow" retracement here it asks the question would that just be a deep wave 4? Very possible. I would like it to be a 2 because that would mean we can see higher highs, then if its a 4. We will be able to determine that by the RSI once ATH's are reached. IF there is massive bearish divergence then we will know the last major peak was a wave 3, dip was a 4, and that we are in a 5 (big drop coming).
I will keep doing my updates as much as I can and if anyone has any questions at any time reach out to me
I posted this chart during the week and so far we are following my path (green arrow) perfectly. The bears need to act early next week and reject this in the downtrend zone (pink channel).
If we do follow this path we could expect a dip buy in the 375 - 380 range.
Note: due to potentially "shallow" retracement here it asks the question would that just be a deep wave 4? Very possible. I would like it to be a 2 because that would mean we can see higher highs, then if its a 4. We will be able to determine that by the RSI once ATH's are reached. IF there is massive bearish divergence then we will know the last major peak was a wave 3, dip was a 4, and that we are in a 5 (big drop coming).
I will keep doing my updates as much as I can and if anyone has any questions at any time reach out to me
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