The 15-minute bullish falling wedge on QQQ popped, followed by the typical impulsive buying that accompanies the breakout of a well-watched technical pattern. Will this prove to be a bull trap as I suspect? If so, I prefer a reversal on or before the 106.80 level, ideally from somewhere within the expected breakout failure range. If so, that reversal will most likely kick off with a gap down on Monday.
Bullish Wedge Breakout: Real-deal or Bull Trap?
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