Buy QQQ on Any Pullback to The Minor Support Level of 162-164
As you can see in the chart, QQQ has had multiple bounces off the 162-164 support level.
162 was a key resistance level before since it was the neckline of the inverse head and shoulder pattern. Old resistance becomes new support and vice versa, so expect a bounce off 162 if QQQ reaches that level.
Also, 164 is the top of the gap, which also saw a reasonable amount of buyers in the past.
Trade Idea: Buy QQQ if it dips anywhere into the 162-164 support level with a stop loss just below 162. Your target would be the gap fill near 169-171.
This trade also has an excellent Risk:Reward, and you are also trading with the primary up trend.
Like/follow if you agree :D
162 was a key resistance level before since it was the neckline of the inverse head and shoulder pattern. Old resistance becomes new support and vice versa, so expect a bounce off 162 if QQQ reaches that level.
Also, 164 is the top of the gap, which also saw a reasonable amount of buyers in the past.
Trade Idea: Buy QQQ if it dips anywhere into the 162-164 support level with a stop loss just below 162. Your target would be the gap fill near 169-171.
This trade also has an excellent Risk:Reward, and you are also trading with the primary up trend.
Like/follow if you agree :D
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.