QNT lost trend short to 80-87 range H&S on weekly
Not financial advice
Trade plan moving forward
Short to 78-87 level
We have a clear head and shoulders setup on QNT and I highlighted the trendline from the recent low of 40.00
We are currently trading under that trendline. And applying fib retracement from top to local bottom we have a .786 fib target of around 80.00.
This also lines up with the bottom of the shoulders for head and shoulders.
Saying all that holding the 78-87 level will be key long term if that level is lost my next targets will be between 26-33.00
The RSI is indecision area and shows a substantial correction in store.
Remember
#PIK
Patience is Key
#TLAW
Think Like A Whale
Trade plan moving forward
Short to 78-87 level
We have a clear head and shoulders setup on QNT and I highlighted the trendline from the recent low of 40.00
We are currently trading under that trendline. And applying fib retracement from top to local bottom we have a .786 fib target of around 80.00.
This also lines up with the bottom of the shoulders for head and shoulders.
Saying all that holding the 78-87 level will be key long term if that level is lost my next targets will be between 26-33.00
The RSI is indecision area and shows a substantial correction in store.
Remember
#PIK
Patience is Key
#TLAW
Think Like A Whale
Trade fermée: cible de profit atteinte
Target has reached but I do believe we are doing a 5 wave correction from the top and if we lose the 80.00 next area of interest is 40 and under. Potential wyckoff. Was very patient waiting on these prices and I have an updated chart as well showing how we lost certain support levels as we move lower
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.