QQQ will be down for a while.
QQQ will be down for a while.
1. 3 attempts to make the new highs failed as indicated by the Wyckoff up-thrust rejection.
2. The recent rejection is made after two month of consolidation.
3. The up-trend line from March was broken today.
IMHO, seller is in control and bear trend will be for the short-term.
1. 3 attempts to make the new highs failed as indicated by the Wyckoff up-thrust rejection.
2. The recent rejection is made after two month of consolidation.
3. The up-trend line from March was broken today.
IMHO, seller is in control and bear trend will be for the short-term.
Trade closed manually
Based on these two days price action. This setup is no longer good.
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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.