QQQ Potential Bearish Resolution

przedwczoraj

The white volume line has been fading during the climb inside the wedge

• That’s typical of an exhaustion rally inside an ascending broadening wedge where price pushes higher on weaker participation
  
• The last push up showed a small bounce in volume, but not a breakout-level surge
  
• For a wedge, this usually suggests the rally is running out of gas rather than building strength
  

Broadening wedges often end with a volume pickup on the breakdown, not on the way up

• If we see that white line spike while price loses the wedge bottom, that would be a strong bearish confirmation
  
• Conversely, if volume expands while breaking above $573–$574, it would invalidate the bearish read & confirm strength instead
  
• So, right now volume is consistent with a potential bearish resolution
  

przedwczoraj

Uwaga

** I posted an updated version with some corrections