Three Peaks and Domed House Possible? (Late Jan Peak)

Long

Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)

Updated

NASDAQ:QQQ Invesco QQQ Trust, Series 1

chartpattern threepeaksandthedomedhouse chartpattren prediction containsimage

Possible pattern forming, would allow short leverage to wash out and bore traders to death before the drop. Could lead to a nice gain over the next month and a nice spot to re-set up shorts.

Comment:

I believe wave 9-10 is finished. Consolidation or slightly up now with volatility possible

Comment:

I think we're currently in wave 25-26. I think 15-25% drop leading into the bear market bottom is on the way. If you prefer, this also looks like an Adam and Eve double top to me, similar outcome..

Comment:

282 on QQQ is where I am targeting the bottom of wave 25-26 before we get a feeble rebound into a greater fall.

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