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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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.