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out of supply on Q with a backtest even -nice Steve
Yes as expected QQQ rejected there upon initial test but also be mindful of a possible a-b-c move up to retest so trail down if playing short term fade. Overall, though it was a good area or resistance as you can see.
Here comes the rain - trail down those stops now on QQQ - still fits within the parameters of wave 4 type choppy action
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out of supply on Q
Posted by petermusic on 22nd of Mar 2024 at 02:57 pm
out of supply on Q with a backtest even -nice Steve
Yes as expected QQQ rejected
Posted by steve on 22nd of Mar 2024 at 03:04 pm
Yes as expected QQQ rejected there upon initial test but also be mindful of a possible a-b-c move up to retest so trail down if playing short term fade. Overall, though it was a good area or resistance as you can see.
Here comes the rain -
Posted by steve on 22nd of Mar 2024 at 03:12 pm
Here comes the rain - trail down those stops now on QQQ - still fits within the parameters of wave 4 type choppy action