QQQ Rising Wedge approaching Resistance
Probably not the structure that bulls want to see in this area. Today is a FED day so we could see a resolution (either today or very soon, not much room to run from here to invalidate the setup either way).
Reality Checks:
- At Daily Leg Start? Y
- Daily trend is in synch with position? Y
- Clear Accumulation / Distribution pattern on 60'? Y
- It's easy to know where / when the setup is invalidated? Y
Reality Checks:
- At Daily Leg Start? Y
- Daily trend is in synch with position? Y
- Clear Accumulation / Distribution pattern on 60'? Y
- It's easy to know where / when the setup is invalidated? Y