$QQQ TOP 20
Added 2024-08-09 11:37:17 +0000 UTCMarket enjoyed a well need relief after what has been a rollercoaster week.
On the chart, we can clearly see a decline down to the 200 Day MA and now a bounce, a higher high has not been made yet but if the price can bounce above $449.50 then we have a higher high here.
It is still too early to say that Wave A is complete for the $QQQ but there are early signs that it is, if it is then I would expect a retest of the 50 Day MA at $472 over the next few weeks.
$NVDA still needs to report their earnings on the 28th of August, it may be an important one now.
Comments
Hi Gar understand usually Wave C is abt 0.618 fib however for this chat it is between 0.38 and 0.5fib. appreciate your advice so i can understand better.
Huat
2024-08-09 11:40:27 +0000 UTC
