• QQQ is in a key resistance area, under the 61.8% retracement (previous support, now resistance);
• Since QQQ is trying to break this key point, it seems it will trigger the Hammer candlestick pattern from last Friday;
• This bullish reversal sign could take QQQ to higher levels, at least to its 21 ema again, in the short-term;
• If this will turn out to be a mid-term reversal structure, it is too soon to tell, as we must pay attention on how it’ll react near its next resistances;
• The 38.2% retracement along with the 21 ema is a key resistance to pay attention in the next few days, if QQQ gets there;
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• Since QQQ is trying to break this key point, it seems it will trigger the Hammer candlestick pattern from last Friday;
• This bullish reversal sign could take QQQ to higher levels, at least to its 21 ema again, in the short-term;
• If this will turn out to be a mid-term reversal structure, it is too soon to tell, as we must pay attention on how it’ll react near its next resistances;
• The 38.2% retracement along with the 21 ema is a key resistance to pay attention in the next few days, if QQQ gets there;
Remember to follow me to keep in touch with my analyses!
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.
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.