QQQ Call (Big Picture)

Just marking up QQQ to look for an entry long-term. Looking at the big picture from the monthly, pulled out the Fibster to get my retracement levels. After breaking the trendline, looks like it can head down to 38.2% and head back up or further down to the 52W L. My prediction is that it will bounce from the support I see in the past, which is where I have it marked as an entry point. Let me know your thoughts if you see this.