QQQ Rising Wedge Pattern SHORT Setup
QQQ is in a rising wedge pattern on the 15 minute chart and so is
predicting a breakdown to the downside below the support trendline.
The Connor RSI shows the relative strength about to cross below the
running average. Volatility is decreased in a consolidation awaiting
a breakout from the squeeze. All in all, QQQ is looking to be
setup to short in this upcoming week with federal news on the calendar.
predicting a breakdown to the downside below the support trendline.
The Connor RSI shows the relative strength about to cross below the
running average. Volatility is decreased in a consolidation awaiting
a breakout from the squeeze. All in all, QQQ is looking to be
setup to short in this upcoming week with federal news on the calendar.
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