QQQ at range bottom
Updated
The QQQ is testing the bottom of its range.
Stochastic RSI has been helpful to signal a bottom, once %K goes above %D while testing the bottoms range.
There is also a horizontal support line from the last week of June, which was a breakout to all-time highs.
Risk-reward-ratio is great placing a stop below yesterday's low, and a profit0exit at the top of the range.
Stochastic RSI has been helpful to signal a bottom, once %K goes above %D while testing the bottoms range.
There is also a horizontal support line from the last week of June, which was a breakout to all-time highs.
Risk-reward-ratio is great placing a stop below yesterday's low, and a profit0exit at the top of the range.
Note
trade worked wellI expect some resistance at $390
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.