Most “wave” theorists would tell us that markets (stocks) move in, on average three major waves. If that is the case, we have had two major moves down on the $QQQ. Both in the 90-point range with one rally of about fifty points (all moves intraday low to high). Could we be in for a Bear Market rally of around forty-five points ( ½ the move down on each leg)? If so, we could see a move back to around 325 which is about a 15% move and then another ninety points drop to finish this move? This is not a prediction in any shape, form, or fashion. Just ideas.
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
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.