Bullish technical patterns and setups are often mistakenly taken as sufficient constitution of a bullish trade. This analysis shows how technical analysis showing bullish patterns and sentiment can be used to support a bullish trade. Although the same strategy can be used for all time frames, higher time frames tend to be more consistent and influential on sentiment.
Financial Instrument: QQQ (shares/options)
Time Frame: 1HR
Trade holding period (estimate): 45 mins to 2 hrs
Indicators:
-EMA 9, 21, 55
-RSI
-Volume
Financial Instrument: QQQ (shares/options)
Time Frame: 1HR
Trade holding period (estimate): 45 mins to 2 hrs
Indicators:
-EMA 9, 21, 55
-RSI
-Volume
Trade closed: target reached
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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.
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.