Thursday, January 5, 2012

Watching the QQQ and volume

This trendline roughly corresponds with the wedge's apex and the point in which a head fake breakout would have occurred. We also see some support in the area, a break below that level on some increased volume would be a good indication that the trap/head fake worked.

No comments:

Post a Comment

Thanks for your input

Note: Only a member of this blog may post a comment.