Wedge fakeouts often reverse sharply, so puts could pay fast if rejection holds
The next couple of candles will decide
- If QQQ closes above $580 with follow-through & volume, then R3 @ $585.24
- Invalid if price breaks back below $578
- If QQQ fails at wedge top and breaks below $576 (lower trendline), then R1 at $575.47 (could bounce here intraday)
- Invalid if price breaks back above $578
The next couple of candles will decide
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.