tradercor

QQQ Reversal Pattern

NASDAQ:QQQ   Invesco QQQ Trust, Series 1
With the recent market rally over the last month or so, things seem to be lining up for a reversal and continue of the bear market from this world pandemic. We have a deep retracement up to the 786 fibonacci level. On this level, we have a rising wedge in an upward move, hinting at momentum slowing, consolidation increasing, and a reversal potentially coming. Fundamentals around the world are some of the worse we've seen in decades, or in some cases, EVER. Keep an eye out for a sharp reversal for potential sell-offs across the board.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.