Webuy585

bullish continuation to ATH's or HNS REVERSAL?

BATS:QQQ   Invesco QQQ Trust, Series 1
Rally after FOMC gives some life back to the bulls. Tuesday's failure to close outside of Mondays range (failed break out) is signaling a possible retracement to the Low of the week (LOW). if we get that pullback a nice gap down on Thursday could signal a bear trap, if we gap up on Friday. Personally, looking for that set up to start the advance to ATH's
On the flip side there is a potential for a head and shoulders type pattern that could signal a reversal and continue down. Let see what story price will tell! #Ifthis,Thenthis
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.