Zigzag (ABC) Corrective Structure
$QQQ 1H Elliott Wave Chart 1.31.2024:
$QQQ 1H Elliott Wave Chart 2.04.2024:
Here is the 1H update few days later from 2.04.2024 showing the bounce taking place as expected. The ETF reacted higher from the blue box after doing a Zigzag correction allowing longs to get a risk free position. The ETF has made a marginal new high and is expected to remain supported towards $438 – 446 before another pullback can happen.
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