QQQ down in the range of the June lows on the 30-minute chart appears to be in a falling wedge pattern
now with two green candles in a trend breakout from the wedge to close out the week.
The volume indicator shows a corresponding volume spike.
Are short-sellers buying to cover and take profits? Are new buyers taking a buy the dip position?
What is your optinion, is this a good entry setup for a swing long trade?
now with two green candles in a trend breakout from the wedge to close out the week.
The volume indicator shows a corresponding volume spike.
Are short-sellers buying to cover and take profits? Are new buyers taking a buy the dip position?
What is your optinion, is this a good entry setup for a swing long trade?