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wstchse
May 15, 2023 4:00 PM

QQQ Bear Setup Short

Invesco QQQ Trust, Series 1NASDAQ

Description

Nice setup here with great r/r. As you can see there is a good chance that we just completed an ending diagonal which is a pattern that breaks sharply to the downside.

We also have triple bear divergence on the RSI confirming weakness and the ending diagonal pattern, The harmonic pattern is not something I typically make trade decisions based off of however it does add more context and support for the setup overall.

Let me know what your thoughts are. Give me a like if you found this information to be beneficial to your trading plan.


Thank you!
Comments
wstchse
Still in this trade and expecting first target minimum
TheUniverse618
Agree going down prob starting Monday. Debt ceiling fear
WizdomSeekerr
I was right again, starting to get easy..
elenaec
yes but in a few days weeks bearish i am thinking to buy some sqqq
WizdomSeekerr
Looks bullish to me
mastertgd
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