QQQ has shaped Head-and-Shoulders formation on the daily chart. Daily downtrend confirmed, weekly consolidation has started.Please note that broad SP500 market is still technically in an uptrend, meaning that buyers are still strong. So if you plan entering SHORT on QQQ I would wait for a pullback to increase risk-reward. An example of possible trade is shown on the chart. Of course, it is important to monitor how things develop and make corrections if needed.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
ノート
Currently, QQQ started hourly consolidation. But bulls are quite strong today. I'm moving my stop-loss at break-even to prevent losses in case buyers are able to set hourly higher low and confirm hourly uptrend
ノート
Day closed very well for the QQQ bears with a "falling star" candlestick. Moreover, hourly downtrend confirmed. The only "problem" for sellers is broad market relative strength. While SP500 also closed "bearish" but sellers were not able to fill today's morning price gap.
ノート
Took 30% of profit on pre-market weakness. Price is near Friday's VAHso it makes sense
手動でトレードを終了しました
Market is uber-strong today. Closing rest of position with small profit
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。