TradingView
Pyrat82
Feb 24, 2022 12:07 PM

CQQQ Bottom of Channel Long

Invesco China Technology ETFArca

Description

Looking at the CQQQ on monthly. Getting close to the bottom of the channel and the MACD is looking like it could start rounding up on that trend line. To add some counter argument, it looks like a giant elliott wave. We could see it break the channel and see a correction.

Comment

Correction down to $40 looks possible now.
More