QQQ is currently forming an inverted head and shoulders which gives QQQ a target of around $352 IF it breaks out above the neckline which is located at $325.
This pattern looks very textbook so far, but it's important not to assume the neckline will break to the upside. The best entry would be on the retest of the neckline break with an entry of around $325.
This pattern looks very textbook so far, but it's important not to assume the neckline will break to the upside. The best entry would be on the retest of the neckline break with an entry of around $325.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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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.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Related publications
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.