quantmaven

Nasdaq: Correction is just beginning

Satış
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
I cover mostly crypto but it is important to take a look at what stocks are doing in the current environment. Tech stocks finished a set of intermediary impulsive waves in the shape of a leading diagonal (shown in blue)... This leading diagonal went from $165 to $382 and is the first wave of this new bull cycle. By the way, I identified the previous cycle correction with cycle I and cycle II that ended in March 2020 just for your information. Since that peak, we just started a set of intermediary corrective waves. We are just in intermediary wave A right now. It is difficult to tell how far it will correct which is why I put two possible scenarios: a simple flat 3-3-5 shown (shown in magenta) or a simple zig-zag 5-3-5 (shown in purple).
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.