SQQQ Rising Soon

Wave pattern following nicely on QQQ, .786 FIB retrace just hit on SQQQ & QQQ

Pattern says drop on QQQ/rise on SQQQ due

*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*

Note

Wave Pattern invalidated. Return to Channel if we don't get a drop soon on QQQ.
APPL trickling down still, hard to read.

Note

I jumped the gun and went in on SQQQ again today

QQQ looks Topped and ready for a fall

Higher volume and range on down days. Very small gains on green days.

Note

SQQQ has been trading in a channel lately, and today is near the bottom of channel and should bounce up to $14+ even if the market continues up.

Note

Exited 2/18 for a small profit. Risk reward ratio declining.
Approaching bottom of channel on QQQ, might be time to switch to TQQQ soon.
200MA on 1 Hour timeline could be a bounce point

Note

I missed the timing by about a week, but then it did hit target.

Next target is back down to about $10

N0tSwift

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.

N0tSwift