$SQQQ has so far held a higher low since its low on the 10th of July on the 0.618 Fib at $7.14
Price is just ai its 50 Day MA now too
I think in order to be convinced that this will reverse next, I would need to see the 200 Day MA captured as a support level and a higher high above $11.60.
The 200 Day MA certainly would be a trend change if it becomes a support level.