QQQ EWT DIAMOND pattern, top formation
This is the same idea as my post about the ES, but for the Q's. I have included a textbook diamond pattern from a medium turn ATH, series... We can learn from history or burry our head in the sand. This pattern is NOT a inverted, V shape recovery", it is a series of complex elliot waves, creating a intermediate term top.
We may see a new ATH on Tuesday when the market opens, but it won't stop this pattern. IMO. everyone has called the top for years, but I think this actually IS a top area.
If you want to learn more about that major top go back in my Ideas to 01/22 and prior...
In november 21 to april 22 the first diamond pattern formed and I suggested a strategy o shoring any new ATH, it worked I made $3000 in SQQQ over 3 months.
In 2020 I declared, in an Idea that the entire year of 2019 was a 4th wave, and predicted a set of 5 more waves up, and a major ATH, it happen just like i said it would.
I use a long/short strategy of 60 " candles buying Pivot S5 and Selling Pivot point R5. It's not a simple short.
We may see a new ATH on Tuesday when the market opens, but it won't stop this pattern. IMO. everyone has called the top for years, but I think this actually IS a top area.
If you want to learn more about that major top go back in my Ideas to 01/22 and prior...
In november 21 to april 22 the first diamond pattern formed and I suggested a strategy o shoring any new ATH, it worked I made $3000 in SQQQ over 3 months.
In 2020 I declared, in an Idea that the entire year of 2019 was a 4th wave, and predicted a set of 5 more waves up, and a major ATH, it happen just like i said it would.
I use a long/short strategy of 60 " candles buying Pivot S5 and Selling Pivot point R5. It's not a simple short.
Not
tradingview.com/x/RsUGARWR/. we have been trading below pivot point most of the time since May.... Remember on the way up we got new ATH weekly?
The current trend is still UP, my profit target on my longs is the top of wave 5 rally we have most mornings.
Not
amazon.com/Big-Short-Christian-Bale/dp/B01996A6AE/ watch & learn about tops
Please check out Kauai Dave Pivot Traders on youtube. youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
Feragatname
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