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ContraryTrader
Jun 12, 2021 3:15 PM

RSI or Candlestick?  

Invesco QQQ Trust, Series 1NASDAQ

Description

Weekly QQQ

RSI divergence is showing a Descending Triangle pattern (Bearish)
Candlesticks have formed Triangle, slightly elevated like a wedge. I'm 50/50 On bullish or bearish.
Divergence or conformation?

I think we'll find out what this is by 345 , which will be confirmation for a reversal or a breakout.

What are your opinions?

Wed the Feds will make some big announcements on Interest rate decisions. depending on what decision they make will be a catalyst for a Breakout or correction. It will be either

Either way it swings I, im here for it.
Comments
nycityguy2000
I took a strong put position late in the day... let’s see how they roll
ContraryTrader
@nycityguy2000 I'm here for it! I have NVDA in my sights if they tank
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