- Before the wedge one has to see if price is able to takeout 100 Day SMA on closing basis. Failing to close above it will be negative for QQQ Bulls.
- Above 100 SMA price should hit the resistance line of the Descending broadening wedge. Usually this pattern gives an upper breakout with the highest point inside the pattern as target.
- We had a similar pattern in QQQ Daily chart which worked well for bulls.
- EURUSD TREND UPDATE
No comments:
Post a Comment