It's called pattern repetition. The $QQQ had it once and now again, we created an all time high followed by a small sharp dip and the wick closed very deep.

It's called pattern repetition. The $QQQ had it once and now again, we created an all time high followed by a small sharp dip and the wick closed very deep. After that we created a new all time high but followed by a lower low. It looks the same here, ATH and dip with a deep wick is complete. …