QQQ Fib Energy Point

2022년 8월 21일

QQQ

Very simple chart...

QQQ broke up out of the original fork (Yellow).

Price appears to be stalling out at the trigger line (Yellow-Dashed).

In addition, I plotted a warning line, using the 2.0 extension of the fork's median-line parallels to show another potential resistance area. (Yellow-Dotted)

Assuming that the Q's fail to sustain the rally past the trigger line/2.0 warning line; I've added another fork (purple) using the "C" pivot of the yellow fork as my origin point/"A" pivot, and the June low / August high as my "B" & "C" pivot.

I've noticed that the median lines of both forks cross to form what's known as an "Energy Point" right at the 0.618 fib level, aka $258 price level. (Measured from Covid Low to "Everything Bubble" high)

Energy Points pull price towards them like a magnet.

This Energy Point appears to take place between September 27th - October 4th.

I'm expecting the QQQ to fall at/near this energy point by early October.


Fat_Fat

2022년 8월 21일

노트

Full View of the Fib Retracement

2022년 8월 21일

노트

I don't know why the .618 is not visible in the snapshot... If you click the image you'll see it.

2022년 10월 11일

노트

Took profits on most of my puts today. Roughly 75% of the trade.

2022년 10월 13일

노트

Closed Trade in full today $$$$$