QQQ invalidated previous "HARAMI CROSS" reversal signal, given daily MACD rising above zero, with momentom remain overbought cruising on bullish tone might just give this bullish terminal 5th wave rally a litle push higher with measured objective sitting around $396/404 area.Now i wouldn't be too agressive going long ghere, ideally buy the market $377 for move towars $396/404 zone profit target, equal length risk reward $19 profit target thus i will leave stops at $358, i am not going to be greedy on this run up because it can potentially just end without much notice, which is why i'm leaving a tight stops.bare in mind this is not a new bull trend!!! the whole rally is still within corrective cycle as you can see on the label; anything label abc or abcde are corrective
don't fall for it, going long is more of #FOMO trade which is why short term trades gotta make it very tight wwith stop loss in place
alternatively i will try to pick top and build up a core shorts near $396/404 zone via options, reason being i want to put my money on the table, something i can afford to lose!
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NOT WAITING FOR $396/$404, TOOK PROFIT AT $385 AND WENT SHORT QQQ VIA LONG ER DATED PUT OPTIONS
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.