SQQQ
Updated
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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