Topped at daily resistance trendline
Contact with weekly RSI resistance trendline
Little volume spike on Jan 24th daily candle
Entry today or yesterday
TP: Till weak daily candle
TP: At weekly RSI support trendline
TP: At first gap fill
Note: Move may not be directional as weekly candle not yet closed and monthly is still suggesting continuation
Note: Monthly high could be set for now
Note: Only on QQQ and not on NQ
Contact with weekly RSI resistance trendline
Little volume spike on Jan 24th daily candle
Entry today or yesterday
TP: Till weak daily candle
TP: At weekly RSI support trendline
TP: At first gap fill
Note: Move may not be directional as weekly candle not yet closed and monthly is still suggesting continuation
Note: Monthly high could be set for now
Note: Only on QQQ and not on NQ
Trade active
Comment:
Watching XLK can also be the cue when to take profit
Trade closed: stop reached:
Broke last daily candle high
Trade active:
Pump on low volume to put in weekly high on Monday so it can dump rest of the week
Trade closed: stop reached