$QQQ Count and trade idea
QQQ continues to extend, but how far will it go?
IMO the rally is either already over (topped friday) or we extend slightly into next week before a large retracement.
Bull - green path (yes it is not Ultra bull because it does have us dropping, but it is a healthy correction that when bottoming will lead to 450+).
Bear - top is in, see you at wave 2 buy area
How to trade: on rallies take long profits, but keep positions open in case they keep extending this higher (anything is possible). Hedge appropriately on any positions w/ size. Draw the breakout TL on your chart. Short the TL breakdown
IMO the rally is either already over (topped friday) or we extend slightly into next week before a large retracement.
Bull - green path (yes it is not Ultra bull because it does have us dropping, but it is a healthy correction that when bottoming will lead to 450+).
Bear - top is in, see you at wave 2 buy area
How to trade: on rallies take long profits, but keep positions open in case they keep extending this higher (anything is possible). Hedge appropriately on any positions w/ size. Draw the breakout TL on your chart. Short the TL breakdown
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.