00:00Hello and welcome to another update video on Q&T.
00:04So on the Q&T chart, the market is currently moving higher here as per our wave structure in an E-wave of a B-wave triangle.
00:13Again, there are other interpretations possible.
00:15If you know our long-term chart, then, you know, that B-wave can technically just extend.
00:21But we've been tracking higher prices now for some time.
00:24The last setup we had was this A-B setup where the price hit the 50% retracement on the 22nd of June.
00:30That was an interesting setup, even though I don't like the chart overall.
00:33But it was a five-wave move up, so I don't have a bias.
00:37If I see a pattern and I see a structure, then I communicate that.
00:41That was communicated in our membership.
00:42And then I posted a few days ago, I think it was even on X, I posted here this 1-2-1-2 setup.
00:49And then yesterday, we started to see the prices move, communicated that yesterday as well, I think, if I remember correctly.
00:57By the way, make sure that you follow us here on X as well for some additional updates.
01:04Yeah, pretty sure I covered Q&T.
01:06I probably can't find it just now.
01:07There are just a lot of updates here as well.
01:10But yeah, feel free to check it out for many other updates as well.
01:14I put the link into the comment section.
01:16But what is now happening is that we are now moving up in a C-wave.
01:20That is my take.
01:21I think there was a B-wave low that formed here.
01:24That was a three-wave pullback after a five-wave move to the upside.
01:28And then while this was not the most beautiful pattern here,
01:33one, two, three, four, five.
01:36So we had a five-wave move up in wave one and a shallow pullback in wave two.
01:39I thought, well, look, this looks like another five-wave move up.
01:43So there was another wave one and another wave two.
01:46And it's possible that we're now working on wave three of three.
01:51And then there could be another four and another five before we put a top in place.
01:56So that means there is still some scope for higher prices, as you can see here.
02:01And it's possible that we are going to reach here the green line at around $170.
02:07Now, what is that green line?
02:12It's simply, if we zoom out, it's simply where we had a previous swing high at around $170, $171.
02:21It's also kind of works with the proportions.
02:24We look at the proportions.
02:25And you see that the market could be sort of in the third wave now,
02:30then get a fourth wave and a fifth wave.
02:32And that should take us there.
02:34The next upside resistances on the nano level here are $136 and $141.
02:39And micro support that needs to hold for upside trend continuation is located at $120.
02:45So, I mean, I have to say, if we get a pullback from here, this would likely be a fourth wave.
02:51And it must avoid an overlap with wave one.
02:54And that's pretty much here around $120.
02:56So, yeah, that level needs to hold.
02:59So, a pullback is fine, but shouldn't go below $120 or things are starting to get very, very messy.
03:04That means, overall, the outlook is for higher prices in the very short term,
03:09as long as we're holding $120.
03:11But it's ultimately a very, very fragile structure.
03:13And any break below support, let's call it a decisive break below support, yeah,
03:18especially if it also relates to break below these previous swing lows from July,
03:23it would be a major warning that a more substantial top has formed.
03:28And that maybe we're simply working on a broader B wave, yeah,
03:32which could then lead to another test of the June lows.
03:36That's the update on Q&T.
03:37I hope you liked the update.
03:39If you did, please hit the like button, leave a comment, and subscribe.
03:43And if you really like the content, then please check out the channel membership.
03:47Thank you very much.
03:48Bye-bye.
Comments