As you can see a clear breakdown from today's high, in my analysis you would think it was either bear pennant or a bull flag, however, there are multiple points where the price came down to consolidate in a straight manner similar to other patterns but not the same. In my opinion, consolidation naturally is there for higher highs, in which a smart investor would wait til the dust settles and get in, in which you did see towards the close today. However, in this situation, i think that tomorrow, we are going to either see a further breakdown of QQQ lows headed back to 1st Support: $273.30 in the morning and towards afternoon after 11am or 1pm, see a jump. Obviously, this can go completely opposite direction of how the market goes, but just my view point on things on where things could stand.
Let me know your thoughts!
Support and resistances:
1st Support: $273.30
1st Resistance: $278.42
2nd support: $271.54
2nd Resistance: $281.98
Thanks,
Kelly :)
Kelly @angelbaetrades
Instagram: instagram.com/angelbaetrades/
TiKTok: tiktok.com/@angelbaetrades
Instagram: instagram.com/angelbaetrades/
TiKTok: tiktok.com/@angelbaetrades
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Kelly @angelbaetrades
Instagram: instagram.com/angelbaetrades/
TiKTok: tiktok.com/@angelbaetrades
Instagram: instagram.com/angelbaetrades/
TiKTok: tiktok.com/@angelbaetrades
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
