Home Chainlink Bitcoin Litecoin Silver Gold Other Charts Pitchfork Rules Philosophy Crypto Links Kudos Premium Services

 

SQQQ

 11/29/2018

I first pointed out that the general stock market had peaked in October 2018.
Since SQQQ was at the bottom of an up trending pitchfork on Nov 29, 2018,
it was a good play on the market falling.

12/20/2018

Since there are many pitchforks in price formations,
I set a pitchfork to best match the price pattern that emerged.
The SQQQ's move then played out & hit the top of the pitchfork.

12/21/2018

I believed that SQQQ was now accelerating as it had broken out of the pitchfork
& thus added a steeper pitch fork shown here.
It then back-tested the top of the less steep one.

12/24/2018

This is now just that steeper pitchfork.
SQQQ did accelerate & reached the top of it.

1/1/2019

SQQQ then fell sharply after reaching the top of the pitchfork.

Since the overall stock market started taking off, the play with SQQQ was over
& TQQQ (the reverse 3X ETF of SQQQ) became the play.
TQQQ then went from $8 in Jan 2019 to $30 in Feb 2020.

Home Chainlink Bitcoin Litecoin Silver Gold Other Charts Pitchfork Rules Philosophy Crypto Links Kudos Premium Services