Invesco QQQ Trust, Series 1 forum
This might be one of those setups where everyone gets bullish right at the top. The structure screams WXY, and we’re staring straight into weekly FVG + fib resistance. If this breaks down, the move could catch a lot of late longs off guard.
Is this a trap or are we heading for 5700?

GM Gang
Hmm, my sellside target was hit no issue (4H candle low)
Now I am montoring an iFVG Reaper interaction which could provide the liquidity to go right back to the height or break below it and cause a flash drop
My first idea is that it will go up into the hourly bearish imbalance (purple) and then whatever. We do expect imbalance ranges to act as heavy resistance in this case unless we shoot clean over it and in that case easy target of the highs again.
If it drops from here, that imbalance will be my future target 🎯
