$QQQ - the large inv. H&S pattern should has morphed into a

BTR forecast2026/10/19 10:45:03

$QQQ - the large inv. H&S pattern should has morphed into a flat pattern. Wave C is nearing completion; one could argue it was completed by last Friday's price action, but the 4H chart suggests a new, diverging low is still on the table within that flat pattern. I still think any consolidation pattern above the previous ATH zone is a bullish setup. If the price moves above $730, that would be the first sign of a bigger reversal. The cyclical seasonality soon could provide tailwinds for the bulls. ⚠️From these kinds of setups, a HTF lower high is always a possibility, and such risk has to be managed, as something similar played out in Feb and March. What's your take?👇 @Mr_Derivatives @GreatMattsby @wallstnomads

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