QQQ - Chart Link- Also as a little education -
what I find mostly happens when you have a downtrend line like this
- price will not simply move over the trendline intra day - it
generally gaps above it.
It's one of these things where, if you think there is a good
chance at an upside break over a downtrend line or channel line -
go long inside the channel because I'd say the majority of time if
you wait for price to confirm, it does so on a big gap - generally
better to take a shot long while price is still inside the
pattern
QQQ at 50% Fib and trade educational comments
Posted by matt on 14th of Oct 2021 at 12:12 pm
QQQ - Chart Link- Also as a little education - what I find mostly happens when you have a downtrend line like this - price will not simply move over the trendline intra day - it generally gaps above it.
It's one of these things where, if you think there is a good chance at an upside break over a downtrend line or channel line - go long inside the channel because I'd say the majority of time if you wait for price to confirm, it does so on a big gap - generally better to take a shot long while price is still inside the pattern
Ya having the best day
Posted by kevindeng0727 on 14th of Oct 2021 at 12:24 pm
Ya having the best day this year - 200% invested coming into today Thx Matt and Steve.