QQQ is moving inside a bearish trend after completing the 5 impulse wave. It has however reached wave minor 5 and C corrective wave but I believe, it is still bearish. That last point is not a reversal one and I could be wrong. As you can see a diamond-pattern not an ideal because its head is chopped off. Well it broke down and did a retest and is supposed to go down.
Note
reversed after a fake break-down of the diamond boundary.Trade active
Wave 3 is a strong support in which it reversed. sometimes w-c takes impulse w-3 and sometime 5. in our case, w-3 because it retested and reversed.Trade active
Trade active
Almost thereTrade closed: target reached
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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.