QQQ: Ready to Fly High or Are Technicals Going to Keep Us Down?
Is QQQ telling us it wants to go down?
Take a look at the pattern we have. And the eerily similar price action to october - Break through gap, rejection, fill gap area and continue down.
I'm not implying this is a clear indication but we have larger volume areas below that price is usually attracted to.
The MAD is curling up slightly, however it's definitely not a convincing signal.
We are still in our wedge pattern so that's becoming stronger and stronger, a retest above could prove difficult for the bulls.
QQQ
Take a look at the pattern we have. And the eerily similar price action to october - Break through gap, rejection, fill gap area and continue down.
I'm not implying this is a clear indication but we have larger volume areas below that price is usually attracted to.
The MAD is curling up slightly, however it's definitely not a convincing signal.
We are still in our wedge pattern so that's becoming stronger and stronger, a retest above could prove difficult for the bulls.
QQQ
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.