lease check my last post, we are right on track.
To keep this brief:
Elliott wave update i changed wave 5 to 3, i believe we are in a temporary corrective phase and targets are posted. The 38% is my target area at gap fill, most likely a flat correction
Currently we are at resistance attempting to break, we broke through the $17.40 level but watch for a retest of that level before moving forward. TQQQ looks very bullish at the momment, macd cross just below the 0, TSV are showing high buying power and MFI is overbought, small time frames we are showing signs of a temporary reversal downward and i mean temporary. I believe pre market we will sell off hard then rebound even harder. If u can tell every time we hit the overbought level we have a temporary downward movement
We predicted this reversal due to multiple divergence on the TSV and macd .
MFI is overbought on the 1 hour and the 15 min is showing signs of weakness
I think we will drop hard in pre market and recovery quickly.
this reversal will be temporary so don't get greedy.
Now alt scenario..
This could be the alt wave 5 which means we could move much higher
Thanks
god bless
To keep this brief:
Elliott wave update i changed wave 5 to 3, i believe we are in a temporary corrective phase and targets are posted. The 38% is my target area at gap fill, most likely a flat correction
Currently we are at resistance attempting to break, we broke through the $17.40 level but watch for a retest of that level before moving forward. TQQQ looks very bullish at the momment, macd cross just below the 0, TSV are showing high buying power and MFI is overbought, small time frames we are showing signs of a temporary reversal downward and i mean temporary. I believe pre market we will sell off hard then rebound even harder. If u can tell every time we hit the overbought level we have a temporary downward movement
We predicted this reversal due to multiple divergence on the TSV and macd .
MFI is overbought on the 1 hour and the 15 min is showing signs of weakness
I think we will drop hard in pre market and recovery quickly.
this reversal will be temporary so don't get greedy.
Now alt scenario..
This could be the alt wave 5 which means we could move much higher
Thanks
god bless
Comment:
wave C complete, i think we will make one more attempt to go higher before moving down
Comment:
woah a little more than i expected
Trade closed: target reached