N0tSwift

TQQQ - 5 Year Trend Up, March drop, Elliot Wave to the Top

N0tSwift Updated   
NASDAQ:TQQQ   ProShares UltraPro QQQ
Are we going to bounce off of the February High? or are we going to continue on the current downward trend? Thoughts?

March high is providing support two bounces so far. Possible A leg of correction. Trend channel down continues to provide resistance.
Still a long way down to the 200MA
Daily chart shows trading in a narrowing wedge.

*INFORMATION ONLY - NOT TRADING ADVICE - I AM NOT A FINANCIAL ADVISOR*
Comment:
The Megaphone gets wider?
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.