- Price moving away from 100 Day SMA.
- Next possible resistance is the resistance line shown in last chart and the 78.6% Fib level shown in 2nd chart.
- For bears, price closing above the 78.6% will be bad news as it gives chance for a bigger rally and a possible breakout above weekly high's. Getting resisted at these levels should result in a swing down, For a larger correction the channel of four hour chart has to breakdown.
- DESCENDING BROADENING WEDGE OF QQQ
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