Potential end to the run up from Feb. 28. It's the 15 minute chart so it could just be noise but it's a pretty solid H&S forming. Activity over today (3/3/20) will close out the second shoulder and could lead into an afternoon and/or overnight bear move. I'll be looking at the Fib retracement levels for next support. Full retracement could see QQQ dip back below $200. Failure of the Fed rate cut to stabilize the markets as well as increasingly gloomy COVID-19 news supports the bear move.
تعليق
Update: If the second shoulder doesn't start to close in the next hour or so, then I may have been wrong.
تعليق
Update: H&S broken. 15 minute chart was just noise. Looking at the 1 hour, the second shoulder of a reverse H&S just closed. Glad I didn't trade on my garbage first analysis.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.