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	Comments on: QQQ Forth Price Target Hit + Video	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/qqq-forth-price-target-hit-video/#comment-22944</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 11 Jan 2022 02:32:02 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=207061#comment-22944</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/qqq-forth-price-target-hit-video/#comment-22939&quot;&gt;GandT&lt;/a&gt;.

Good question. Technically, the top of the gap would be Friday&#039;s close with the bottom of the gap today&#039;s opening price. However, I like to look at the tops &amp; bottoms of the surrounding candles &amp; factor that in when factoring gaps into my analysis. On the 60-min QQQ chart that I&#039;ve covered recently, I have a resistance level at 382.00. I added that as a support level before &amp; since then, QQQ tested it a few times, then took it out with a big red candle, backtested with the next five 60-min candles, including Friday&#039;s final candlestick. As such, that is probably as, if not more significant than the top of the gap (Friday&#039;s close of 379.86 (just a hair below). Also, it isn&#039;t unusual to see a slight move above the top of a gap (or below the bottom of one) before a reversal after it is backfilled, especially when there is strong momentum leading up to the backfill, as there was today.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/qqq-forth-price-target-hit-video/#comment-22939">GandT</a>.</p>
<p>Good question. Technically, the top of the gap would be Friday&#8217;s close with the bottom of the gap today&#8217;s opening price. However, I like to look at the tops &#038; bottoms of the surrounding candles &#038; factor that in when factoring gaps into my analysis. On the 60-min QQQ chart that I&#8217;ve covered recently, I have a resistance level at 382.00. I added that as a support level before &#038; since then, QQQ tested it a few times, then took it out with a big red candle, backtested with the next five 60-min candles, including Friday&#8217;s final candlestick. As such, that is probably as, if not more significant than the top of the gap (Friday&#8217;s close of 379.86 (just a hair below). Also, it isn&#8217;t unusual to see a slight move above the top of a gap (or below the bottom of one) before a reversal after it is backfilled, especially when there is strong momentum leading up to the backfill, as there was today.</p>
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		<title>
		By: GandT		</title>
		<link>https://rightsideofthechart.com/qqq-forth-price-target-hit-video/#comment-22939</link>

		<dc:creator><![CDATA[GandT]]></dc:creator>
		<pubDate>Mon, 10 Jan 2022 21:16:21 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=207061#comment-22939</guid>

					<description><![CDATA[How do you determine today&#039;s gap price range 1/10/22 on QQQ? Is it from the close of Friday&#039;s 1/7/22 candlestick, to today&#039;s open? Can there be two different gaps on the hourly chart and the daily chart?]]></description>
			<content:encoded><![CDATA[<p>How do you determine today&#8217;s gap price range 1/10/22 on QQQ? Is it from the close of Friday&#8217;s 1/7/22 candlestick, to today&#8217;s open? Can there be two different gaps on the hourly chart and the daily chart?</p>
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