QQQ is showing to be less predictable and prone to false breakouts
QQQ is proving to be volatile and thus difficult to define when a trend is actually reversing or just another fake out that takes our money.
- Last week QQQ performed a two day long false breakout above before retreating
- Today we see QQQ again break below its downward trend.
- breaking below a downward trend is usually followed by a course correction back into the normal trading zone
QQQ is proving to be volatile and thus difficult to define when a trend is actually reversing or just another fake out that takes our money.
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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.