$NQ / $QQQ - Wave count update
To me this now appears like it could be a 3-3-5 correction with the final leg being a 5 wave impulse. Given that I favor SPY / ES as close to finished I think it is likely that QQQ is also almost finished.
I think that the Q's could actually be a wave 4 and that it will be shallow (sub 50% retracement).
If I am wrong about 3-3-5 then we could see 3 up and then another leg down following this one. We will just have to watch price action to get a feel for that. Either way we are approaching a BTD
I think that the Q's could actually be a wave 4 and that it will be shallow (sub 50% retracement).
If I am wrong about 3-3-5 then we could see 3 up and then another leg down following this one. We will just have to watch price action to get a feel for that. Either way we are approaching a BTD
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.