Let’s take a closer look at QQQ using the daily chart. There are two gaps below, indicating a potential area of interest. Gaps often act as support or resistance levels in the future. Considering the historical price behavior, a pullback of 4 to 7% seems plausible.
If we anticipate a pullback within this range, it presents an opportunity for traders to consider a potential trade idea. With a target profit of 400, we could aim for a price level that reflects such a gain. It’s important to note that specific entry and exit points, as well as risk management strategies, should be determined based on individual trading preferences and additional analysis.
If we anticipate a pullback within this range, it presents an opportunity for traders to consider a potential trade idea. With a target profit of 400, we could aim for a price level that reflects such a gain. It’s important to note that specific entry and exit points, as well as risk management strategies, should be determined based on individual trading preferences and additional analysis.
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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.
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.