QQQ will fill its gap
The QQQ has experienced a substantial decline in value over the past few months. Despite the market consistently forming lower highs, it is noteworthy that robust counter-reactions are occurring with similar frequency.
With a clear bullish divergence in the CDV, we anticipate a bounce to take place this week. The long position outlined in this scenario presents an attractive Risk-Reward Ratio (RRR) of 3.7:1.
With a clear bullish divergence in the CDV, we anticipate a bounce to take place this week. The long position outlined in this scenario presents an attractive Risk-Reward Ratio (RRR) of 3.7:1.
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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.