QQQ down in the range of the June lows on the 30-minute chart appears to be in a falling wedge pattern
now with two green candles in a trend breakout from the wedge to close out the week.
The volume indicator shows a corresponding volume spike.
Are short-sellers buying to cover and take profits? Are new buyers taking a buy the dip position?
What is your optinion, is this a good entry setup for a swing long trade?
now with two green candles in a trend breakout from the wedge to close out the week.
The volume indicator shows a corresponding volume spike.
Are short-sellers buying to cover and take profits? Are new buyers taking a buy the dip position?
What is your optinion, is this a good entry setup for a swing long trade?
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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.