QQQ 5th wave down in wave 3 of A 448/443/ 444.9

Updated

The chart posted is the QQQ we are now in the late stages of WAVE 3 of WAVE A down . I have labeled the 4 hr pattern for you to see targets and form . I will be taken longs in the 448/444 area for a sharp rally back up in wave 4 of A we should see a last drop in a clean 5 waves down . From this point we will rally in the form of a large ABC rally to form WAVE B the BIG TOP wave B tend to catch most ALL traders wave B also tend to move to a HIGHER HIGH at about 1.236 to 1.382 at most of wave A down . I will post ahs the math unfolds But for the most part we are see in a super cycle TOP forming for the next 1 to 2 years the avg decline has been 34 to 50 % and takes about 2 years I have stated stagflation 2025 .best of trades WAVETIMER

Note

The drop to 454.25 has now formed TWO legs down and are equal I am forced to take a 50 % long june 460 450 470 calls as the worst case is wave b low is in place and today is day 14 this would allow a rally back to 471/473 . in wave c daily rsi and 4 hr have a non confirmation

Note

I am maintaining long calls till sept 2

Note

i HAVE MOVED BACK TO A NET LONG AT 85 % 447 AND HAVE NOW PICKED UP TQQQ AT 57.7 AND CALLS AND PUTS ON VIX

wavetimer

Also on:

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.