QQQ will be down for the next few bars

מאת ‎timl163‎
מעודכן
Reasons for reversal:

1. Two month bear wedge formed.
2. Trendline was broken on Jan 4th.
3. Double top was made today.
4. Additionally, today's (Jan 6th) volume is pretty high with a typical distribution candle.

IMHO, reversal down is very likely for the next few bars.
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Beyond Technical AnalysisChart PatternsTrend Analysis

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