Profitable Laterality QQQ
Updated
While long term upwards trend is not altered, short term is questioned:
While we don't overpass 325 the bullish trend will not be restored. Possible Head & Shoudlers Inverted forming but too early to guess.
If we lose 300 we could see an extra 6% correction.
If this laterality is extended over time I will be a bit worried due to a potential roof.
Good luck everyone on your trades!
- The top is clear: 325
And the bottom too: 300
While we don't overpass 325 the bullish trend will not be restored. Possible Head & Shoudlers Inverted forming but too early to guess.
If we lose 300 we could see an extra 6% correction.
If this laterality is extended over time I will be a bit worried due to a potential roof.
Good luck everyone on your trades!
Note
Volatility has decreased and we're in an ascending channel, let see how it behaves getting around 320. This week looks better than the last monthNote
Relative behaviour os Nasdaq has improved during last week and volatility has decreased. We may see this week a 325 breakout.
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