taking a peak at the monthly count on qqq,
which btw has the cleanest count in all of the markets.
---
it looks like wave 3 has been put in through a 2.618 extension;
which would imply that a major wave 4 is at play.
Wave 4 generally retraces 23~38% of wave 3,
so that would give qqq at a conservative downside target of $211.
worst case scenario at $140 (unlikely).
Wave 2 took 400 days to pan out,
so if this wave 4 took 1:1 to play out in time ratio,
we'd be looking for a bottom around December of 2022.
---
Wave 5 target sits at $789, and it would take many years to get there.
💰
which btw has the cleanest count in all of the markets.
---
it looks like wave 3 has been put in through a 2.618 extension;
which would imply that a major wave 4 is at play.
Wave 4 generally retraces 23~38% of wave 3,
so that would give qqq at a conservative downside target of $211.
worst case scenario at $140 (unlikely).
Wave 2 took 400 days to pan out,
so if this wave 4 took 1:1 to play out in time ratio,
we'd be looking for a bottom around December of 2022.
---
Wave 5 target sits at $789, and it would take many years to get there.
💰
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Disclaimer
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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
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.