Possibly make a new high.
Comment:
After the bull flag, Nov 3,4,5 made a parabolic move. On Nov 9th, the bulls started taking profits, and the bears came in and made a climax reversal. If the bears believe QQQ is over-valued at that point, they would have continued the sell on Nov 11. But on Nov 11, the selling paused at the bull trend bar. The next few bars following through indicated the bulls gained control.
Comment:
QQQ will break out from the small trading range formed from Nov 16 to 23. ATH is on the way.
Trade closed: target reached:
Breakout from the dotted line confirmed. ATH is on the way. Idea is now updated in the new chart. Refer to the link.
