Ok so it looks like it’s getting squeezed between two trend lines (blue) and could go either way.
The long direction is not in your favor here. But… anything can happen.
Once it chooses a direction I labelled some support levels which are really great places to add and average down (red) and resistance levels where you might want to unload a little as it goes up.
Overall I’d say that there’s not a whole lot of strength in the chart… 😬 I would definitely make .66 the target and not hold much longer than that. GL @Najah000 & I hope this helps...
@dsalvat1, HA!!! Look at that!!! 😜. I had no position here because I was juggling so much but that's wonderful!!! I LOVE seeing my charts play out like this!!! 💃🏻@Najah000 How did you do... did you take profit? Or are you still holding??
SPYder_QQQueen_Trading
⋅
@dsalvat1, I didn't acutally nail anything... this was just a purely technical analysis that worked in my friends favor... but thank you!!! I did nothing but analyze...
Najah000
⋅
Thank you alot for sharing
SPYder_QQQueen_Trading
⋅
@Najah000 my pleasure!! I hope it works out in your favor!!
Mihai_Iacob
⋅
Wonderful job!Thanks
SMASHHH96
⋅
no need to position the long tool at the last rejection ?
SPYder_QQQueen_Trading
⋅
@smittyman96, This one was actually a requested analysis and i used his actual average. ☺️