TQQQ managed to break structure, keep in mind this is a minor structure so for now shorting is your high probability trade but its temporary considering the major structure has not been broken.
Tqqq has support around $43
If we get a bounce tomorrow look for $43.8 to stop the momentum upward.
I think in order to get above this price we need a pre market gap up to see $46.50. If not i believe price will get rejected pretty hard
$45.20 doesn't pose a big threat to the bears, I believe if we get above $43.8 this level will get taken out
Tqqq has support around $43
If we get a bounce tomorrow look for $43.8 to stop the momentum upward.
I think in order to get above this price we need a pre market gap up to see $46.50. If not i believe price will get rejected pretty hard
$45.20 doesn't pose a big threat to the bears, I believe if we get above $43.8 this level will get taken out
Trade closed: target reached
Trade closed: target reached
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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.