in the event of Tuesday consolidation
Will be working on incorporating this new tech this week, so far it I am impressed with the historic performance. Now I need to learn how trade it. Size down and reps. Good Luck this week
for a bear play would need to see a loss and back test of the .65
making sure not to get on the wrong side of the bulls.
price continues to be extended over the monthly UBB. The price action has suggested that the 4/1 split has inspired additional bull action. My play continues to revolve around shorter term frames until this resolves.
Tracking this pattern. The right shoulder is not a classic rounded shape, will watch the dual necklines.
I would anticipate strong support off the top of the this green channel if we make it down that far.
this is the line in the sand where I am scouting a back test if QQQ is going to complete the hourly right shoulder.
BTC at the top of the channel, a breakdown of 12000 is possible
History seems to repeat - not a prediction - always looking for the back-test.
QQQ's current active 30 min diamond offered a backtest before Friday's drop. Will we complete the diamond?
QQQ remains extended outside it's monthly UBB, until this resolves I am looking for short term bounce plays and a stronger move down to remedy this outlier this month. QQQ rejected the reverse .618 of the featured channel with the first smaller diamond, rejected the .65 with the second diamond and has now gained and held that line. Looking for a loss the this GP...
Think it will break out of the Diamond Pattern in the next hours/days or some time :D