Otherwise it's difficult for QQQ to continue to rise...
1. Red was my original post 2. Red and blue are similar but with blue consolidates longer around the neck and thus could potentially fall deeper should the upthrust fails 3. Green is the most bullish but least likely path of the 3
One of the ways the market would top out...
So something like this is quite possible...
Gold will likely close above $1850, the long term support/resistance line, by the end of this year 2021.
Red or green path, moving averages play a key role here...
Both are quite likely. We should know by the end of next week.
The market will let us know soon, possibly within a month...