QQQ Major Trend Break

28 Mar

The uptrend from the 2022 low has finally been broken and we also have a shorter term bear flag that has developed since the break as well. I'd consider this a very significant break that will likely lead to a move down to $405. We may see some relief there, but I expect that to break eventually as well which should lead to a full retracement back down to the 2022 lows.

It is starting...

7 Nis

İşlem aktif

Target #1 hit, we'll see how long this bounce lasts. Will be looking for a move down to the 2023 low once $405 breaks before hitting the final target.