QQQ is looking solid for a reversal here. Had a bullish engulfing candle to begin the 4hr yesterday and we have some solid hidden bullish divergence presenting itself. Should be good for a nice profit by the end of next week or maybe that last week of April. Good 1:3 risk-to-reward ratio too.
Entry: $340.92 Stop: $334.33 Target: $361 (the gap fill)
Comment
Exited after that bullish engulfing candle on April 13th got invalidated. All the bullish momentum got destroyed. Took a 1.2% loss on this one.
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.