$QQQ Falling Out of Rising Wedge?

200
QQQ may be flashing a warning sign here. Rising Wedge Patterns often lead to a new down leg but not always. Looks like we have a breach to the downside on this wedge. Additionally, it looks like today’s candle is a Shooting Star. These too often are a sign of weakness. The good news is that it bounced off the 20 EMA (blue). If it loses the 20 EMA I will be looking for a short sale entry using SQQQ as a short, SQQQ is a 3 times short leveraged ETF.

This is my personal observation that may or may not play out. I would rather the market head higher, but I am open to it heading lower too.

Ideas, not investing / trading advice.

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。