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TopgOptions
Mar 31, 2024 2:29 PM

QQQ Double Top on Bearish Divergence Short

Invesco QQQ Trust, Series 1NASDAQ

Description

If you haven`t bought the dip on QQQ:


Then it's important to understand that it's currently exhibiting a double top formation, known as one of the most bearish chart patterns, along with a substantial bearish divergence. I foresee a retracement soon, possibly to $416, but I still expect it to finish the year on a positive note!

Trade active

There are chances to reach the price target next week.

Trade closed: target reached

QQQ price target reached! Rebound soon.
Comments
karthikworld
Good Work
TopgOptions
@karthikworld, thank so much. I really appreciate it!
karthikworld
@TopgOptions Thanks, please do post regularly on QQQ
ukyuki
Well done! Do you think it will go lower?
TopgOptions
@ukyuki, thanks, $405 is the ultimate price target, but let`s see next week. big caps reporting!
onlinemx
What is the name of that bear indicator?
TopgOptions
@onlinemx, you mean the double top? or the buy and sell indicators?
onlinemx
@TopgOptions the bull bear rsi
TopgOptions
@onlinemx, it`s called Divergence
karthikworld
@TopgOptions, can you share the link of Divergence cant search it over
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