QQQ may fall based on pitchfork analysis
QQQ reached the bottom of the pitchfork and it bounced back but at this time it reached the middle red line of the pitchfork which is a likely place to fall back.
Note
QQQ fell today as I predicted. At close my algos (multiple ones) gave a BUY signal. My own analysis also concurs: I expect the fall to stop tomorrow (either recover or flat).Trade closed manually
I bought more TQQQ shares this morning after opening. looking at my ToW indicators, I'd say QQQ would reach at least 190 by Thursday.Note
You can also see on the chart (if you play the "play" (triangle) button on the chart) that the price reached the lower blue line of the pitchfork.Note
See the new, related QQQ idea. QQQ reached the first lower pitchfork line is is now bullish.
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Join free discord.gg/wDTkRnS or t.me/TradersForecast
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.