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cerealpatterns
Jul 29, 2022 1:16 PM

nasdaq consolidating above pivot 

ProShares UltraPro QQQNASDAQ

Description

weve hit overbought on the hourly, and nasdaq has consolidated above a pivot point marked out by the lower end of that early june range from the last rally. if we break down below that pivot i would look to bounce on one of the lower horizontals as support, and if we stay above that pivot i would target those upper horizontals until were overbought on the daily.
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