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TQQQ trade ideas

TQQQ long term off March lowsSimilar story to the QQQ etf, looking for the final wave 5 leg to take us anywhere in between 190 and 220. After we expect a macro correction in the overall markets. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2020
NASDAQ:TQQQ
by UnknownUnicorn4017959
3
TQQQ target lowered to 190, completing micro and macro 5 wavesSimilar chart as QQQ, modified from standard impulse, to ending diagonal, with a target of 190 now. After this, we expect a macro correction in the market. Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you. Copyright Rohan Karunaratne 2020
NASDAQ:TQQQ
by UnknownUnicorn4017959
5
Maybe should wait a little, take some profits if you haven't1) Solid run up in the beginning of December. Q4 is historically bullish while Q1 is historically bearish. 2) Tested the lows, nothing big. Good rebound. 3) Once is chance, twice is a pattern. There's another retest on high volume, but again a good a bounce. 4) No new highs. It's difficult to tell if it was just low holiday volatility or something else. 5) And now we have the third high volume drop at the start of Q1, a historically bearish quarter. I'm not a fan of shorting the stock market because it's on a 100 year uptrend, but I think it's best to sit out for now. The rises are weak while the dumps are heavy. I'm expecting sideways movement before another uptrend. Stay safe!
NASDAQ:TQQQ
by gregoirejohnb