I marked the zone on the daily chart with entry reasons.
Basically, the uptrend is so good that the drastic drop will create buying opportunities. I check the Fed OMO data and they are still buying... So the drop won't be a big issue now at least.
For future trading, it's a wide zone.. You can refer it as trade setup for QQQ(a Nasdaq ETF).
Basically, the uptrend is so good that the drastic drop will create buying opportunities. I check the Fed OMO data and they are still buying... So the drop won't be a big issue now at least.
For future trading, it's a wide zone.. You can refer it as trade setup for QQQ(a Nasdaq ETF).
Order cancelled:
momentum is so strong that the setup failed to be achieved...
plan your trade and trade your plan