MishaSuvorov

Nice hammer in QQQ monthly

Short
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Wave 5 for downtrend probably. May grind in wave 4 before goes deeper.
Trade active:
Moving my stop above local high went against my direction. Trade is working right now.
Trade active:
Bottleneck support becomes a resistance on daily. Love it!
Trade active:
Can move stop to $297 after daily hammer, but will wait and play conservative since monthly trade.
Trade active:
Will take 50% profit at $278.21 resistance if we start closing out Friday's bullish hammer on daily retesting the gap.
Trade active:
Took 50% at $278.21 will run the rest to the end.
Trade active:
Stop loss to $270.74
Trade closed: target reached:
Stopeed at $271.2

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