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*
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Wave Pattern invalidated. Return to Channel if we don't get a drop soon on QQQ. APPL trickling down still, hard to read.
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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.
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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.
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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
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I missed the timing by about a week, but then it did hit target.