$QQQ #QQQ Symmetrical Wedge Squeeze
Invesco QQQ Trust, has been ranging in between this symmetrical triangle pattern. It looks ready for a breakout move to the top side although it is good to watch both sides for the move.
Scenario 1: If we breakout the resistance side (Which we've had trouble all day today (opex volatility)) we may see the target $498.43 resistance hit sometime next week.
Scenario 2: If we break below the support side we have 2 gap fills that need filling. Main target for this is the $490.56 gap fill and daily support.
I am leaning more towards the bullish side breakout for this trade as I anticipate an increase in volume going into next weeks markets.
Scenario 1: If we breakout the resistance side (Which we've had trouble all day today (opex volatility)) we may see the target $498.43 resistance hit sometime next week.
Scenario 2: If we break below the support side we have 2 gap fills that need filling. Main target for this is the $490.56 gap fill and daily support.
I am leaning more towards the bullish side breakout for this trade as I anticipate an increase in volume going into next weeks markets.
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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.