TQQQ managed to break structure, keep in mind this is a minor structure so for now shorting is your high probability trade but its temporary considering the major structure has not been broken.
Tqqq has support around $43
If we get a bounce tomorrow look for $43.8 to stop the momentum upward.
I think in order to get above this price we need a pre market gap up to see $46.50. If not i believe price will get rejected pretty hard
$45.20 doesn't pose a big threat to the bears, I believe if we get above $43.8 this level will get taken out
Tqqq has support around $43
If we get a bounce tomorrow look for $43.8 to stop the momentum upward.
I think in order to get above this price we need a pre market gap up to see $46.50. If not i believe price will get rejected pretty hard
$45.20 doesn't pose a big threat to the bears, I believe if we get above $43.8 this level will get taken out
Trade closed: target reached
Trade closed: target reached