A decisive break & close below $556 would confirm this bearish move,
If QQQ closes back above $575, the right shoulder fails & we see continuation of the uptrend
- $532–$529
- Head at ~$583
- Neckline at ~$556 sloping upward which tends to delay confirmation, but breakdowns can be sharper if they do occur
- (Head - Neckline) = ~27 points, so the measured move is ~$556 – $27 = ~$529
If QQQ closes back above $575, the right shoulder fails & we see continuation of the uptrend
I am not a licensed professional & these posts are for informational purposes only, not financial advice
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional & these posts are for informational purposes only, not financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.