Foreign [Music] Q and T we start with a higher level Outlook here for Q and team The View Remains that q and T or Quant is not Going to see the June low again well That view can change but it would only Change if we drop below 80 this is the Lower support of this green box This box is calculated or defined based On Fibonacci retracements between the 78.6 retracement of this move and the 61.8 retracement You can see that we are nearly breaking Back above the 50 retracement that would Be quite a bullish sign actually to Really break above that level Um so we haven't done that yet here We're just hovering around this level But the idea was and still is to find a Turnaround in the green support area Between 80 and 111 we are currently Reversing I mean we did reverse the Question is is it sustainable Unfortunately it's not yet we cannot Confirm this yet but it's starting to Look good So we are going to take a look at the Shorter time frame count as well but First let's talk about Targets target For this yellow for the Red Wave three Unfortunately we haven't really had a Lot of movement here recently with qnt It's sort of for the last few days just
Been hovering around that 125 dollar Level so there isn't too much new stuff Really to talk about but if we talk About targets we talk about the 1.618 Extension at 391 dollars the 1.618 Extension that would be the ideal Target Here for a third wave then there should Be a fourth wave and the fifth wave that Could reach sort of the 570 US dollar Level So let's go into the lower level detail We can see that we are currently pushing Higher here yeah and we can say that Based on the bullish count there's a Bullish and a less bullish Interpretation yeah not really a bearish One the bearish one would only become Relevant below 80 dollars the problem is That this move here currently is not Impulsive enough to convince me that This really is a bullish count that's Ongoing here Um We could count this as a one two setup And then here basically we would argue That we are now in the third wave within This third wave we've got a wave one to The upside a wave two down and we would Be in the wave three however Target for The Wave 3 is 150 US dollars I can show You that it's based on the again the 1.618 flip extension And that's 150 now we haven't reached it As long as we haven't reached it
Things are still fairly unclear Unfortunately yeah we can only we can Only base an analysis on signals on data On information here I don't have enough Information to confirm that a low has Been made surely a bullish count is Possible but this could very easily also Be a corrective count to the upside in a Wave four so still like that and we will Break down once more in wave five I mean I'm fairly confident that we are going To soon push higher what I don't know if We will see one more leg down before we Move up or if we break Above This level Straight away the point is that um as Long as we're holding above you could Say 109 dollars we could focus on higher This is the relevant support 109 if we Break below that level this one two Setup will get invalidated to be fair it Would also already be not very good if We break below the high of the wave one So if we break below 124.50 that would Already be a signal that It's really questionable this bullish Count yeah so at the moment the yellow Count is still very much possible we Would basically say that we had here wxy Pattern W X Y in three waves Um and we would break down now that Could happen fairly quickly If we look at a target for example here And we say we Let me see
We take the length of the W x So not let's just take the length of the Wave w And we calculate it and you can see that We've reached the 1.618 extension now That's an ideal Target for a wave y w x Y So that's the reason why we're hovering There also if I just measure the Fibonacci retracement of the wave down Let me just try that just to make sure I Do it correctly because if we measure The retracement of the way three into The wave four We can see that we've now reached the 38.2 percent flip level I mean also here That's nothing unusual for a wave 4. Yeah Um it could even push higher to 140 Dollars the 50 retracement it's really Only I think above 140 dollars that I Could consider much more strongly that Way for was already in here and wave 5 As well and that we're in this bullish Count because as long as we are below 140 dollars this could all easily just Be a fourth wave which would break down To be fair already the fourth wave would Already get less likely above the 132 Level the reason is first of all the 38.2 percent FIB level here at 132 Dollars that's the ideal level 40 and as Well it is the 1.618 extension of the
Wave W so both ideal targets so if we Get above that it would already put more Emphasis on the bullish count but as you Can see we're currently putting a double Pot a double top in place here and if we Now lose the 124.50 level it would be a signal that Is probably not going to work out and Then if we then lose the 109 level I Think we could retest 100 and then Possibly even ninety four dollars yeah Um So yeah imminently important would Actually be to push straight away higher To get to the 150 level which is the Target for the third wave Okay and that's my update about Quant Hope you like the update if you did Please hit the like button leave a Comment and subscribe and if you really Like the content then please check out The channel membership thanks a lot for Watching bye bye [Music]