Will SQQQ advance?
Noticing that the 50% retracement has been rejected 3 days in a row and that the daily BB has reached the top. I see a brief cool down ahead for SQQQ in the short term.
Lots of indicators do not confirm a sustained rally. Notice the 4H 50/200MA and the bearish RSI divergence.
I closed my SQQQ yesterday and will wait for a new entry after a decline.
Good Luck
Noticing that the 50% retracement has been rejected 3 days in a row and that the daily BB has reached the top. I see a brief cool down ahead for SQQQ in the short term.
Lots of indicators do not confirm a sustained rally. Notice the 4H 50/200MA and the bearish RSI divergence.
I closed my SQQQ yesterday and will wait for a new entry after a decline.
Good Luck
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.
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.