QQQ continues to backtest the top of Tuesday’s gap (resistance) still offering an objective short entry, re-entry or add-on with the stops commensurate with one’s price target(s) below.
QQQ daily Feb 25th
Likewise, this is day 3 of testing the former 125.75 former support, now resistance level from below as AAPL offers what I suspect will be the last objective short entry or add-on before the next leg down to my 106.50ish target. No guarantees that scenario will play out although the R/R for a short here with a 5% hard stop or trailing stop-loss order would provide a 3:1 R/R ratio to my next target.
AAPL daily Feb 25th
/CL (crude oil futures) is rolling off a backtest of the (red) uptrend following the most recent divergent high with a sell signal to come on a break below this minor uptrend line with downside targets of the lower TL followed by the 58.90ish level. 60-minute chart below.
CL 60m Feb 25th