TradeVulture.com

$QQQ: Triangle Breakout

BATS:QQQ   INVESCO QQQ TRUST
649 views
1
$QQQ Triangle forming. Trade the directional break out. Breakout to the upside, following some resistance ahead. RSI & Stochastics getting overbought on the daily. Expecting some consolidation and a reversal as long as no major bullish news is released.

Comments

Followed.
Reply
Did you buy it based on this analysis? Are you expecting it to move up at this point? Thanks.
Reply
TradeVulture.com charttrader
I'm 100% technical (usually) short-term options trader and yes, but I'm very cautious here. Even though it did break out to the upside, I'm not convinced yet. I'm still expecting a rejection, but we'll have to play it by ear.
Reply
Agreed.
Reply
Followed.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out