Selling rallies Triple Qs (TQQQ)
This looks like a simple three legged counter trend (bear market) rally from the lows in TQQQ.
Prefer to sell against last week's highs as a stop level ultimately looking for new lows over coming weeks.
Prefer to sell against last week's highs as a stop level ultimately looking for new lows over coming weeks.
Note
Down $4 or approx 20~% the last 2 weeks, now oming into support at the Nove lows. May get a relief bounce from herre but looking to resell rallies in coming weeks for fresh lows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.