TQQQ - Rising Trend Channel [MID TERM]

- TQQQ has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- It also gave positive signal from the double bottom formation at the break up through the resistance at 23.69.
- Further rise to 30.60 or more is signaled.
- The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- The stock has marginally broken up through resistance at 27.60.
An established break predicts a further rise.
- Overall assessed as technically positive for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN

Verify it first and believe later.

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