Good Pullback Long Entry for QQQ (30m) between 161 and 161.5
I think that if QQQ drops to the 161-161.5 zone, this offers a good long entry.
The reasons are as follows:
1. Gap fill from the morning gap up
2. Successful pullback to support zone
3. QQQ is still uptrending, so buying the dip has an edge
4. Good risk to reward.
If QQQ drops below 160.5, we take the small loss and move on. Our target is the minor high near 163.
The reasons are as follows:
1. Gap fill from the morning gap up
2. Successful pullback to support zone
3. QQQ is still uptrending, so buying the dip has an edge
4. Good risk to reward.
If QQQ drops below 160.5, we take the small loss and move on. Our target is the minor high near 163.