QQQ - The rally off of the lows has been in three waves thus far. For the downtrend to continue, price must take out 472.88. If not, the market could unfold a double zigzag or a more bullish scenario, i.e. a 1-2/i-ii setup.Trade active
QQQ - With 472.88 taken out, we have confirmation the rally was in three waves. Lower lows next unless it turns into a larger Flat or Double Zigzag which will simply prolong the inevitable. Note
QQQ - Lower lows remains the goal as long as 472.88 stays intact and act as resistance.
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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.