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 

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