TQQQ is heading to 31 levels, bear market is on?
As we can see, resistance on fib 0.618 is broken and now we are testing MA200, this in past was support point but I think it will be broken soon, and next target to test it is around 31, where also fib 0.786 is, and I think we already lost Bullish trend and we are now entering a bear market. Maybe, we will have short relief with some great news, but I assume tomorrow, Friday, before the weekend we will have great selloff again and we will go further to 31-32 levels.
At that levels we have some stronger resistance, but not sure will that be a bottom.
Disclaimer:
- this is not any kind of trading advice
- I am a noob, this is for my learning and training purposes
Comments are appreciated.
At that levels we have some stronger resistance, but not sure will that be a bottom.
Disclaimer:
- this is not any kind of trading advice
- I am a noob, this is for my learning and training purposes
Comments are appreciated.
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