cerealpatterns

either/or nasdaq breakout or bullltrap

NASDAQ:TQQQ   ProShares UltraPro QQQ
if we break out in tqqq above the 28.50 level, id be long targeting the 32.33 area. if we break down below 24.10 however id look to short it down to around 20.11. nothing fancy here but you can see we are on the verge of breaking out in the nasdaq, and if we fail this resistance area it will probably take us much lower.

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.