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tendency
Jun 15, 2023 3:46 PM

QQQ - 3rd wave higher ongoing. This sucker is bullish. Long

Invesco QQQ Trust, Series 1NASDAQ

Description

EW count of the bull base case in QQQ. Great setup if you're bullish over the coming months. Buy the dips.

Comment

I do believe I've nailed this sucker. We should be just about at the top of wave 3 and should have a nice wave 4 pullback starting soon the bottom of which you'd want to buy for the final 5th up.
Comments
Will_Wong
Where is your point zero of this count? If you switch to candle chart, you will see a different point zero.
tendency
@Will_Wong, October 2022.
Bigfibber
If you like to buy at the top of the market like most of retail. Then yes. It’s bullish… Please explain without looking at a chart how you anticipate a global market on the brink of complete meltdown would be capable of continuously going up without stopping? Then look back at the daily or weekly. Note the head and shoulders top that formed back at all time high. And the time until now. Notice how it looks remarkably like retracement. Then notice the moving averages on the weekly/monthly. Then notice how wrong you are and let existential crisis take hold. Better to be now when you still have your money than in a years time when marketwatch tells you it’s time to buy after nasdaq goes back to pre-covid highs…
tendency
@mohsenmn, short bag holder here folks - lol.
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