Heres my Elliot wave count for TQQQ
We may go lower tomorrow then a hard bounce to fill the gap, now this resistance has been hit 4 times.. If we hit it again theres a good chance we could break it and that would take us up to around $24.5 range, resistances get weaker the more times they are hit so watch for breaks and volume. If we Fill the gap with a hard rejection i believe we are headed down to the $20.20 range. This would be a correction after the wave 5 to 50 to 60% fib level..
This week is huge with earnings and the fed meeting so expect a lot of volatility, there is a chance we move sideways until the fed meeting
We may go lower tomorrow then a hard bounce to fill the gap, now this resistance has been hit 4 times.. If we hit it again theres a good chance we could break it and that would take us up to around $24.5 range, resistances get weaker the more times they are hit so watch for breaks and volume. If we Fill the gap with a hard rejection i believe we are headed down to the $20.20 range. This would be a correction after the wave 5 to 50 to 60% fib level..
This week is huge with earnings and the fed meeting so expect a lot of volatility, there is a chance we move sideways until the fed meeting
Komen:
take profits i think we are close tothe top