Yuba_Tamazgha
Short

Potential Bearish Crab on Powershares

NASDAQ:QQQ   INVESCO QQQ TRUST UNIT SER 1
Powershares is showing signs of potential bearish crab pattern. The PRZ is measured from A to X leg at the 1.618 extension level at price $96.23. Even though there is naked structure around $96.28 kill zone, There is confluence at $96.28 at the 3.618 & 1.618 extension level. This should act as resistance. If this plays out, we should see a good rejection which would lead to Powershares taking a nice pull back into X where there is previous structure support .



******************************************************************************
For inquires of education, live trading room, or prop trader funding email
epicdaytrading@gmail.com

Skype: epicdaytrading

PH: +1 940-448-0281
******************************************************************************
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out