Nice hammer in QQQ monthly
Updated
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 $270.74Trade closed: target reached
Stopeed at $271.2
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