QQQ - Chop then Dump
Sorry for the super ugly chart, but there's lots going on here.
Focus on that RSI, let's start with the red wedge. Clearly there was a pullback there with the RSI consolidating below 50, but that pattern broke to the upside, and we broke out to retest 360.
As we get in to the yellow wedge, you'll see the ghost feed, and my predictions begin.
I'm assuming we're at a bottom, and 320 support holds for now, forming the green wedge. We'll pull up to the 17MA before testing 320 again.
!!!We could very well break down at this point!!! .. but I've created a different future, where instead of breaking down, we continue consolidating down that green wedge.
Just for fun, I've given us an epic fakeout and final retest of 360 in early July, setting us up for a late summer (Maybe September?) crash.
These ideas are my own, from my very own smooth brain. I used and ate many crayons getting to this point, I hope you enjoy my artwork.
Focus on that RSI, let's start with the red wedge. Clearly there was a pullback there with the RSI consolidating below 50, but that pattern broke to the upside, and we broke out to retest 360.
As we get in to the yellow wedge, you'll see the ghost feed, and my predictions begin.
I'm assuming we're at a bottom, and 320 support holds for now, forming the green wedge. We'll pull up to the 17MA before testing 320 again.
!!!We could very well break down at this point!!! .. but I've created a different future, where instead of breaking down, we continue consolidating down that green wedge.
Just for fun, I've given us an epic fakeout and final retest of 360 in early July, setting us up for a late summer (Maybe September?) crash.
These ideas are my own, from my very own smooth brain. I used and ate many crayons getting to this point, I hope you enjoy my artwork.
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