unfortunately for broader market longs i think we are in for another increase in volatility running into the first part of the new week.
i imagine we have one more run up toward resistance to fakeout the bulls before support fails like it has since the bottom at 10am est on friday.
the current hourly inside bar tells me to set up long toward 4668, but momentum and other indications are saying a decline to 4643 is very likely.
i imagine we have one more run up toward resistance to fakeout the bulls before support fails like it has since the bottom at 10am est on friday.
the current hourly inside bar tells me to set up long toward 4668, but momentum and other indications are saying a decline to 4643 is very likely.
Note
if youre long it might be good to take some off the table somewhere nearbyNote
qqe signals 1 minute is shortNote
take profit if you were shortTrade closed: stop reached
stop out of shortsNote
1 minute stick sandwich bullishTrade closed: stop reached
stop out long, but long reentry if we keep momentum on 5-15 minute for original hourly long targetTrade active
short reentryNote
qqe signals is long the 1 minuteNote
if we break these 1 minute lows its a 5 mi ute bear flagTrade closed: stop reached
stop out of longsTrade active
short reentry 2Note
if we dont break 57 stop out of shortTrade closed: stop reached
stopout of shortNote
short reentry if we dont close 15 min over 61Note
long reentry on a close above 57.5Trade closed: stop reached
stopping out of longTrade closed: target reached
sell 4666Note
qqe signals is short on the 1 minute timeframeNote
coverage is happeningDisclaimer
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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.