Opinion only, goodluck.
BIAS CHECK this is my bias. I want to post for posterity's sake. We will know whether this was a good bet in the fullness of time. I suspect it will be, and this chart should give any silver n00b the perspective to persevere. #silversqueeze
NASDAQ100 at the top of the long term 12 year trading range.
TQQQ - Ascending Broadening Right-Angled formation . thepatternsite.com Breakout is upwards in 55% of times.
Nasdaq 100- Ascendening Broadening Wedge (ABW) Will remain in the ABW, until it doesn't.
FYI Only
NASDAQ:NDAQ - MACD reversal - Stock to re-enter in the channel $ 273.33- $133 - Entry $ 127 - First target $ 129.15 - Second target $ 133 - Stop loss $ 125.11
QQQ Good old Uptrend channel. Albeit near the resistance line.
TQQQ Range bound in rising wedge
NASDAQ100 bound withing Uptrend.
MASDAQ100 was in an uptrend channel since 2010. Has busted out north of that uptrend channel and has confirmed what was once resistance is now support. Looks pretty bullish, technically speaking.
See chart for details and my guess at the next correction.