February 22, 2014

QQQ Broadening pattern and Weekly Doji

  • QQQ daily chart shows price at the resistance line of the broadening pattern.
  • Weekly chart shows a bearish doji at the weekly upper bollinger band. Doji pattern needs confirmation with a negative weekly candle.
  • Bearish setup may work well only if price sustains below 89.31 level.
  • GROUPON Chart Analysis

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