TQQQ reversal shows early tech market recovery LONG
On the 15 minute chart TQQQ took a dive down through some relative volume voids
shown on the volume profile into a double bottom also showing a transition from
high relative selling volume into some decent buying volume . I can conclude that TQQQ
is in early reversal and will head the other direction through the same volume void which
could allow for a rapid ascent. While I made profit on SQQQ today, for tomorrow I
aspire to make money on TQQQ. I love volatility just as I loved yo-yos as a kid many years
ago. The concept of converting kinetic energy into potential energy has analogies in the
markets - coiling to store momentum and the triggering to unleash it. The chart shows
pertinent levels of the trade plan. As a bottom feeding grinder I am looking for 4% of range for
tomorrow .
shown on the volume profile into a double bottom also showing a transition from
high relative selling volume into some decent buying volume . I can conclude that TQQQ
is in early reversal and will head the other direction through the same volume void which
could allow for a rapid ascent. While I made profit on SQQQ today, for tomorrow I
aspire to make money on TQQQ. I love volatility just as I loved yo-yos as a kid many years
ago. The concept of converting kinetic energy into potential energy has analogies in the
markets - coiling to store momentum and the triggering to unleash it. The chart shows
pertinent levels of the trade plan. As a bottom feeding grinder I am looking for 4% of range for
tomorrow .