QQQ | Elliot Waves | 45 Min | Wave 4-5 | Correction to $248 |
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*After extensive analysis in the short term frames, I have found Elliot waves inside the small time frames. Everyone was calling for a correction for a while since this wave is overextended.
A. The completion of wave 4 - 5 is based on Fib retracements of 1.272% since wave 4-5 can't be larger than wave 2-3.
B. The first leg of the correction will be 5 - A, next to wave four where there is a daily gap (This is the confirmation)
C. Its followed by a small bounce of 38.2% at $260.07 and then finishing the correction at $248. The proof for this can be seen in the 20EMA daily, at 250. Usually, it corrects a little below the EMA
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*After extensive analysis in the short term frames, I have found Elliot waves inside the small time frames. Everyone was calling for a correction for a while since this wave is overextended.
A. The completion of wave 4 - 5 is based on Fib retracements of 1.272% since wave 4-5 can't be larger than wave 2-3.
B. The first leg of the correction will be 5 - A, next to wave four where there is a daily gap (This is the confirmation)
C. Its followed by a small bounce of 38.2% at $260.07 and then finishing the correction at $248. The proof for this can be seen in the 20EMA daily, at 250. Usually, it corrects a little below the EMA
Transaction en cours
The correction has started, I was bit off at the top since the FOMO brought it higher. Target $248.
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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.