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Wave Analysis Of SQQQ (Ultra short QQQ)

Largo
ProShares UltraPro Short QQQ (BATS:SQQQ)  
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BATS:SQQQ   ProShares UltraPro Short QQQ
Trend Analysis Wave Analysis Chart Patterns
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trendanalysis waveanalysis chartpattern
snapshot

Along the downtrend line,
A last motive wave(05) possibly had run to the end.

It seems that a three soldiers stalled pattern had stopped the last motive wave.
But it must be verified by the following candles.

If K4 close upon the downtrend line or K2 to establish a bullish morning star pattern.
It is possible that the bear market will be reversed here.

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