Using a variation of the same idea I've discussed for 2+ years, here's a quick update (original posts at the bottom).
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Initially, I saw this local move as an expanded flat, but considering the structure from the lows, I must shift my bias to an extended-in-time 'B wave'. Why? Inflation won't vanish overnight. 💡
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my qqq target for Wave B sits at 370 my qqq target for Wave C sits at 170.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.