That 15-minute bullish falling wedge posted yesterday looks ready to pop any minute now. Although move up to the 106.80ish level & even beyond can not be rule out at this time, I continue to favor a failed breakout with prices reversing shortly after the breakout. I've also noted a minor uptrend line off the recent lows. A break below that line could spark another thrust down within with wedge pattern & possible below the 104.90 support level.
QQQ Challenging Top of Falling Wedge Pattern
Comments are closed.