$QQQ - wave 1 peak possibly in
Hey Guys
Figured I would put out my QQQ bear count right now. It is possible that we are really just in a wave iv, and that the downside from here is minimal, but this is another ALT that I think might be possible. Not really focusing on the count leading up to wave 1, but more so the corrective count. The first drop does appear that it could be impulsive for an A. Meaning we have more upside to the downtrend area, but will flush again from that zone.
Note: I am still leaking dips to be a buy with time, but be careful up here and be ready for any different possibility.
Breaking the DT Line with volume confirmation and I would trim shorts / hedge and add more cash long. But in that zone I will be shaving longs for profit and adding shorts for what could be another leg down.
STAY NIMBLE AND BE READY FOR ANYTHING
Figured I would put out my QQQ bear count right now. It is possible that we are really just in a wave iv, and that the downside from here is minimal, but this is another ALT that I think might be possible. Not really focusing on the count leading up to wave 1, but more so the corrective count. The first drop does appear that it could be impulsive for an A. Meaning we have more upside to the downtrend area, but will flush again from that zone.
Note: I am still leaking dips to be a buy with time, but be careful up here and be ready for any different possibility.
Breaking the DT Line with volume confirmation and I would trim shorts / hedge and add more cash long. But in that zone I will be shaving longs for profit and adding shorts for what could be another leg down.
STAY NIMBLE AND BE READY FOR ANYTHING
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