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jedington

TQQQ: Looking like a no-brainer buy, or is that the trap?

Long
ProShares UltraPro QQQ (NASDAQ:TQQQ)  
jedington Updated   
NASDAQ:TQQQ   ProShares UltraPro QQQ
Support and Resistance Parallel Channel Volatility english etfsx3 qqqlong QQQ rally crash
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supportandresistance parallelchannel volatility english etfsx3 qqqlong qqq rally crash
TQQQ Chart should show well enough what I'm conveying here. Either it rebounds from here, along with crypto and all the other indeces across markets, or we see lower lows, that reaches back into the March 2020 fear levels.
Comment:
indices* I was in a rush, oops
Comment:
It's definitely now into the horizontal channel (March 2020 levels); we'll see where it goes from there.
Comment:
Candles are dipping, but not holding below the blue line. Looks pretty good as a support and potential rebound zone.
Comment:
June-July has been holding under the blue line.
Probably a heavy resistance at 27~30 atm...
A decent support just below at the 21~23 range.
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