AS you can see it clearly broke the trendline and retested that trendline , AS i mentioned on last week chart that would be a perfect short opportunity as you can see here .
BA looking good for coming days . as you can see the wave 1 and 2 has been played out , the initial target is 125 for wave 3 or wave c . once at that level we can determine if its wave c or wave 3 therefore can determine better direction at that time . will be posting update soon
As you can see , there is a clear downtrend from the point of EW wave count and more than that you can see head and shoulder being formed . Only thing is right shoulder too fast too sharp there fore one more push to 3950 to 4000 level can be possible to make it more reasonable . However the trade is pretty much break of trendline and retest of it , . Either way...
As you can clearly see the break down of the bear flag on the daily timeframe . once breakout it wanted to retest the flag breakout area by forming ascending wedge pattern which is bearish. And also on daily time frame on the top resistance area 147 to 149 , it has created rejection wick candle as we can see it is clearly rejected at the area and wedge has...
updated qqq chart from yesterday posted chart . As you can see the rejection worked out pretty well but there is a support where qqq an bounce off to go for retest for the trendline resistance or break of that and we go more lower
watch out for qqq . qqq making trendline resistance and rejecting . watch out for couple of days if it gets rejected there and wont be able to breakout of that can result in downtrend continuation
