SQQQ
SQQQ price is in a descending triangle in an existing downtrend. Downtrend is also currently bouncing off 50ema.
Price at resisting trendline of descending triangle and we also have a spinning top candlestick at this resistance level. Entering trade
Entry: 6.54
Stoploss: 7.04
Target: trailing 50ema
Price at resisting trendline of descending triangle and we also have a spinning top candlestick at this resistance level. Entering trade
Entry: 6.54
Stoploss: 7.04
Target: trailing 50ema
Trade closed: stop reached
Trade active
Price fell back into pattern rejecting higher prices. Entry 6.46
stop loss: 7.05
Trade closed: stop reached
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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.