QQQ is coiling between $577–$583
In short,
- $583.2 (Top 1/Fib 0%) is major resistance
- $581 (Top 1/recent high) is lower high rejection
- $578–$579 (current) sits just above Fib 23.6% (~$577)
- ~$571 (Fib 50%) is mid-support
- ~$568 (Fib 61.8%) is a critical downside pivot
- $564–$563 (Fib 78.6%–82.6%) is a possible deep retrace
In short,
- Above $583 = breakout
- Below $572 = breakdown
- Between = chop trap
I am not a licensed professional & these posts are for informational purposes only, not financial advice
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.
I am not a licensed professional & these posts are for informational purposes only, not financial advice
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.