cerealpatterns

found double bottom, no break out yet

cerealpatterns Updated   
NASDAQ:TQQQ   ProShares UltraPro QQQ
weve strongly supported a level twice but each time we were equally rejected as previous lows tested as resistance, slightly trending lower woth green days in red territory. themost likely scenario is if we retest recent highs as resistance, and make a lower high compared to a tightwning range over the past week or more. 25.82 is a lever to watch for a bull break targeting 26.25 - 25.05 is a level to watch for a bear break looking toward 24.54
sss and qqe are now singaling green
Comment:
you can see this strong 1 minute uptrend going into the top of a regression moving higher. the channel top is an outbreak level, but whether or not we see that is to be determine
qqe and sss will point north as long as this 1 minute pattern leads to green signal hourly

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