Technical analysis by ImpulsiveWaveTrading about Symbol QQQX on 3/28/2025

QQQ - The rally off of the lows has been in three waves thus far. For the downtrend to continue, price must take out 472.88 . If not, the market could unfold a double zigzag or a more bullish scenario, i.e. a 1-2/i-ii setup.QQQ - With 472.88 taken out, we have confirmation the rally was in three waves. Lower lows next unless it turns into a larger Flat or Double Zigzag which will simply prolong the inevitable.QQQ - Lower lows remains the goal as long as 472.88 stays intact and act as resistance.