QQQ overall has been in a bullish channel for ages. For trends to have continuous strength one of two things must occur:
1. Areas of Consolidation
2. Areas of Retracement
I Currently see QQQ undergoing a level of retracement. It was at the .382 Fibonacci level at the time of me making this. But I could easily see price touch 0.5 levels before I expect a bounce off.
Sentiment: Neutral
Reasons
1. Ascending Channel
2. Prominent Selling Volume
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Like/Comment. Let me know what you think.
1. Areas of Consolidation
2. Areas of Retracement
I Currently see QQQ undergoing a level of retracement. It was at the .382 Fibonacci level at the time of me making this. But I could easily see price touch 0.5 levels before I expect a bounce off.
Sentiment: Neutral
Reasons
1. Ascending Channel
2. Prominent Selling Volume
If you like my analysis a follow would be much appreciated 👍🏼
Like/Comment. Let me know what you think.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.