Get started
timl163

QQQ/NASDAQ will be making an all time high around election

Long
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
timl163 Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Chart Patterns Flag
0
0
trendanalysis chartpattern flagpattern
A bull flag has been formed, breakout will high likely be on Monday (Oct 26th). Another all time high looks like on the way.
Trade active:
Bull flag was broken down on Oct 28 and 29, but the conviction on the down side is reluctant. Now, it returned back to flag channel. Continue to hold and monitor.
Comment:
QQQ is making vertical up move for the past three days with big gaps. When vertical move is observed, big reversal usually happens after. Wait and see then.
Trade closed: target reached:
The position is closed today as the target is more or less reached. The parabolic move is dangerous.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.