$QQQ on 1hour Potential Reversal to downside

3 Mar 2023

QQQ on 1hour Potential Reversal to downside

Just some quick TA. :)
Looking for a pullback to $296.31 to $295 range as an estimation.
VWAP is shifting and money is leaving as indicated by the red on my indicator.
Despite the trend line i have noted to the upside from previous charting, there is long legged doji. NOTE: A long tailed djoi is a sign of potential reversal as i have circled.
This area is the area i am paying attention to for the next few candles for today's trade.

lWhat is a Long legged Doji?
A long-legged doji signals indecision about the future direction of the underlying security's price.
Long-legged dojis may also mark the start of a consolidation period, where the price forms one or more long-legged dojis
before moving into a tighter pattern or breaking out to form a new trend.


What are your thoughts?
Comment Below!
Thanks,
Kelly