Order BUY QQQ NASDAQ.NMS Stop 274.21 LMT 274.21 will be automatically canceled at 20230401 01:00:00 EST
QQQ weekly bullish hammer at the end of wave 5 wave 5 downtrend. Either ABC correction to MA 100 or beginning of uptrend. My only concern we didn't panic and capitulate yet, so probably ABC correction.
Any idea why my trading view chart doesn't show a bearish hammer? Same chart, weekly QQQ, Monday, October 10th, no lower wick. It's clearly visible on yours. The wick appears on your chart to go to 254.96 or so. The bottom of my candle is 260.19. So strange.
MishaSuvorov
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@metcalf, weird. Ask TreadingView support I guess. I had discrepancies with brokers before, never with TV )))
LetsBeMillionaire
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my frnd, last week you posted all bearish charts but you keep changing your charts based on premarket, eventually it turns out opposite.... just an observation
MishaSuvorov
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@LetsBeMillionaire, market changes. Last week it showed us bearish hammer and we acted on it and maybe that’s all we’ve got for wave 5 downtrend.
This Week is bullish hammer, maybe it’s the beginning of ABC correction or maybe grind of wave 4 before we go lower. More probably later since we still due panic capitulation with exhaustion volume down. But who knows?!
If we clear this bullish hammer from above, bunch of bears will be trapped and we’ll see some price action up. Move stop quick since it’s counter trend and be Ready to quick for small profit.
I think it is a small consolidation before panic AKA 2008.