Classic trend reversal retracement
-Bear flag directly into one of the last imbalances (on 30m timeframe)
- Breakdown to 393 area very possible in the next month or two
- ~10% drop from current levels, would put QQQ squarely in correction territory
- Upside is that 393 area looks to be a very strong (and fresh) support
-Bear flag directly into one of the last imbalances (on 30m timeframe)
- Breakdown to 393 area very possible in the next month or two
- ~10% drop from current levels, would put QQQ squarely in correction territory
- Upside is that 393 area looks to be a very strong (and fresh) support
Not
QQQ Fell Directly into the bottom trendline today with FOMC coming up tomorrow afternoon-Good chance to take profit on some short positions
-Market overall is selling off any news that isn't spectacular which is very typical cycle reversal behavior
Not
FOMC Press Conference- Powell announced QT will be reigned in some
- Overall a very bullish conference for not just US markets, but global ones
- Always dangerous to counter trade the trend
- Personally considering shifting bias towards the descending megaphone on the 4 hour chart as bears may be getting trapped here. Depends how markets digest this conference
İşlem aktif
Rising Channel still in play- Good day to readd to position after trimming at the lows from FOMC
- Could potentially fil the gap up to 443.31
- Playing both sides (trend by the day), but this remains my big picture setup
You either make models, or you date them
#GameIsGame
#GameIsGame
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.
You either make models, or you date them
#GameIsGame
#GameIsGame
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.