NASDAQ index, represented by the QQQ ETF chart in this post
Is trading in a rising channel
Looking at the price-action within the channel
We can see a bear flag forming
Therefore, I think that after a final push Up
And retest of the resistance
The flag will break downwards
And fall to retest the channel support
Short!
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Related publications
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.