IQQQ Weekly - 'Well'All well?
iShares Global Water UCITS ETF
IQQQ in EUR
IH2O in USD
P/E Ratio 27.38
P/B Ratio 3.02
as of 05/Jul/2024
Standard Deviation (3y) 21.25%
as of 30/Jun/2024
IH2O.USD Weekly snap
EDIT
Fractal low does for some reason not show on the published idea chart
IQQQ snap
Current Fractal high is unconfirmed till +4d8h
IQQQ trade ideas
Water investmentWater usage worldwide has been increasing at more than twice the rate of population growth, according to UN-Water.org. Water scarcity is cited as a likely reason for future geopolitical conflicts.
Water is most important for the life than Oil or Gas, but investor can't bet its price using future contracts.
Investing in the scarcity of water, it turns out, means buying industrial companies that conserve, purify and treat water, as well as those that make equipment and deliver new technologies to the water industry.
Water ETF is under bearish correctation but long term trend is clearly bullish.
IH20 - water etf - bearishYeah, I know. Another obscure etf from my home country, the UK, but I liked the almost perfect fib measurements and the clearness of the pattern and the count. In fact it quite remarkable to me how many times this chart hits the 38.2/61.8/161.8 fibs. If this correction alternates with the 38.2 fib retracement that I have for wave 1 then we can expect a much deeper correction in this etf (and perhaps other equities) in the near term. A 61.8 fib retracement would take it down perfectly to the lesser count wave 4. Of course, the markets don't really behave in a "perfect" manner but I will still be watching. (I have included an even more bearish blue count but personally I like the red count.)