donoso007

QQQ broke double head pattern, bulls seems to be taking control

NASDAQ:QQQ   INVESCO QQQ TRUST UNIT SER 1
104 views
2
104 0
Interesting move on Friday 9th . After reaching a double head pattern, where the volume market profile showed possible retracements to point 1 or 2, the market actually moved the opposite way, generating a positive gap and breaking the double head resistance. The positive trend seems to be gaining strength again. After the big retracement in February, we are seeing a first pivot (higher low and higher high). It seems a little late to enter into a long position for a medium-long run, but there are still no clear signals for going short either. We need to be very alert and see how the market behaves this coming week.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out