QQQ offers another objective short entry here on the backtest of the H&S pattern neckline with the next objective entry on an objective break below this bear flag continuation pattern. The white line & yellow arrow (identical distance) on the first 60-minute chart below shows the measured targets of both the head & shoulders pattern highlighted in yesterday’s video as well as a bear flag continuation pattern that has formed following the breakdown below the neckline earlier today.
QQQ 60m 2 Dec 2nd
QQQ is also backtesting the 390 former support, now resistance level that has been highlighted on the recently highlighted 60-minute charts.
QQQ 60m Dec 2nd