bear flag is no long valid as of 5/16, approaching 50% fib retracement, and above ma50 & ma200
TQQQ seems to be forming a descending triangle....more troubles ahead if it breaks down the bottom line. The good news is that macd is improving so is RSI.
MACD is positive, RSI is improving but not overbought. It alos broke the triangle. It's bullish to the recent high with the possible support at ma8.
The only thing I don't like is that the daily RSI is way too overbought and it's due for a short term correction
we maybe in this triangle, looking more bearish than bullish for the next few days longer trend, we may still be bullish but it's taking a break right now.
I see a left shoulder, we are possibly at the head now using 4 hour chart
buy now and profit take at 19? cut loss if break bottom?
spxl broke triangle on the bullish side
tqqq hour chart bull flag broke, heading to 172?
HA is about to break out the short term triangle using hourly chart