$CQQQ has comfortably returned to the Mean Reversion Zone now and testing the 200 WMA
Price was at $27 at the start of the year and right now at $49
I also believe this is in Wave 3 too and there is a pull back next for Wave 4 to the 0.38 Fib at $43, which also aligns with the bottom of the MRZ.
Once the price holds here on the pull back, I believe it can move higher to $59 or beyond next.