QQQ - Chart Link- here's that 15 min chart of
QQQ. The hope for the 'bulls' for one more push is that the last
high was a wave (iii) of v, and that pullback was a wave (iv). If
this is the correct count then that wave (iv) either completed and
we got to a new high to complete wave (v), or wave (iv) needs an
abc 3-wave pullback to complete, then go up - both of those are
shown via the dotted blue lines
Steve, regarding QQQ, it certainly looks like it wants to make a
new high here which would be your wave (v) as you mentioned below.
Was wondering how a truncated 5th wave would come about, if at all.
Know you and Matt have discussed it in the past but I could use a
refresher and maybe it would be helpful for others here. Thanks so
much.
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QQQ 15 min, the hope for the 'bulls'
Posted by matt on 25th of Jan 2024 at 10:04 am
QQQ - Chart Link- here's that 15 min chart of QQQ. The hope for the 'bulls' for one more push is that the last high was a wave (iii) of v, and that pullback was a wave (iv). If this is the correct count then that wave (iv) either completed and we got to a new high to complete wave (v), or wave (iv) needs an abc 3-wave pullback to complete, then go up - both of those are shown via the dotted blue lines
Steve, regarding QQQ, it certainly
Posted by DK on 25th of Jan 2024 at 12:21 pm
Steve, regarding QQQ, it certainly looks like it wants to make a new high here which would be your wave (v) as you mentioned below. Was wondering how a truncated 5th wave would come about, if at all. Know you and Matt have discussed it in the past but I could use a refresher and maybe it would be helpful for others here. Thanks so much.