Engulfing bullish bar in a strong downtrend = SELL
Align to the other weighted symbol of NASDAQ(almost all of the top 10 weighted stock of
QQQ
is facing downtrend destiny soon), the resistance might be VALID very likely!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.