$SQQQ Approaching 12-month Support
Updated
I'm currently seeing 3 signs that are pushing for a continuation of an uptrend:
1.
SQQQ is approaching the 12-month support around $14.73
2. If we take the fib of this entire impulse wave up, we see that we are also approaching the golden ratio (0.618) --
3. Which shows confluence with the uptrend support formed since the reversal in October
1.
SQQQ is approaching the 12-month support around $14.732. If we take the fib of this entire impulse wave up, we see that we are also approaching the golden ratio (0.618) --
3. Which shows confluence with the uptrend support formed since the reversal in October
Note
Also note this uptrend is the first time higher lows were formed for this ETFNote
horrible call.Doesn't work on leveraged markets.
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