$QQQ TOP 20
Added 2023-03-26 20:00:18 +0000 UTCI have uploaded this during the week and it is the same as $AAPL, it peaked on Weds and paused since. Into a smaller ascending wedge here and part of a bear channel. We have seen this before with $NIO when we get two bearish formations inside each other, it does not end up bullish....but let's see, buyers will need to come out in force! Again we see that the RSI peaked on Feb 2nd and declined afterwards, it is starting to curl down now again, without even reaching 70 this time. Wave B is just above at the 0.38 Fib.
So What Now?
Above 317 and it can hold, the bulls have it, rejection at 317 and the 50 and 200 Day MA are next, followed by the bear flag trend line and Wave C is in play then.
