[High Alert Premium] Where to buy $TQQQ for 17%-20% And Trade Setup

Dec01tqqq

This is a premium alert for TQQQ, and where I see it heading, and where to buy and place stops ahead of a potentially huge 20% move.. [ms-protect-content id=”61,117″]

Best case scenario: 108 to 124+ was a 15 point Wave 1, W2 retraced in a flat to the low of A at 118 and low of C at 120, setting up the 3rd wave move…I would buy right where it is now at 123.55 or above 124, and place a stop to sell at 121.22 just in case there’s a fade at any point in the day…but it looks good so far.  Potential target if it’s fullfilled at 1.618 would be over 140 TQQQ.

Worst case:  Failure at 124 range and fade below 121 setting up a C to test 118…right now at this point the rally is pretty strong heading into 10AM this morning, so it doesn’t look like that will happen..at least today.

Where I’m leaning:  Gung h0 above 124..I have 1000 TQQQ and 1000 UPRO [/ms-protect-content]

 

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