$SQQQ Approaching 12-month Support

I'm currently seeing 3 signs that are pushing for a continuation of an uptrend:

1. $SQQQ is approaching the 12-month support around $14.73
2. If we take the fib of this entire impulse wave up, we see that we are also approaching the golden ratio (0.618) --
3. Which shows confluence with the uptrend support formed since the reversal in October

Kommentar:

Also note this uptrend is the first time higher lows were formed for this ETF

Kommentar:

horrible call.

Doesn't work on leveraged markets.