QQQ reached the bottom of the pitchfork and it bounced back but at this time it reached the middle red line of the pitchfork which is a likely place to fall back.
Comment:
QQQ fell today as I predicted. At close my algos (multiple ones) gave a BUY signal. My own analysis also concurs: I expect the fall to stop tomorrow (either recover or flat).
Trade closed manually:
I bought more TQQQ shares this morning after opening. looking at my ToW indicators, I'd say QQQ would reach at least 190 by Thursday.
Comment:
You can also see on the chart (if you play the "play" (triangle) button on the chart) that the price reached the lower blue line of the pitchfork.
Comment:
See the new, related QQQ idea. QQQ reached the first lower pitchfork line is is now bullish.
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