That's the reversal candle and what I think is the highest probability considering the futures, but I want to take a look at risk assets also. If they confirm, I'll be adding the second half of TQQQ.
Wednesday, October 10, 2012
The Close I'm looking for
This is the close I'm looking for today, we have 3 hours so it's very possible. This isn't the best rendition, but I think you'll get it.
This is the daily QQQ chart, the green candle I drew in the white box is what I'm looking for today as a closing candle with volume picking up, that means we'll have to see some upside through the close. The pattern could also look more like a hammer or have a slightly longer body (open to close) rather than a doji, a star.
That's the reversal candle and what I think is the highest probability considering the futures, but I want to take a look at risk assets also. If they confirm, I'll be adding the second half of TQQQ.
That's the reversal candle and what I think is the highest probability considering the futures, but I want to take a look at risk assets also. If they confirm, I'll be adding the second half of TQQQ.
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