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Invesco QQQ Trust, Series 1
Short

QQQ Bearish ABCD, C Phase Setup?

By Derivati_Capital
Today's selloff marks a 0.764 fib retracement level (1 - 0.236) on the daily chart. Potential beginning a phase C of an ABCD pattern, indicated by stochastic RSI and fisher transform. Watch the next few days for trend confirmation/rejection. Central banks are running the show, don't get greedy.

SL @166.0
TP @134.33 or above
Bearish PatternsFibonaccifisherOscillatorsQQQshortTriangle
Derivati_Capital

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