There's a lot of confluence here and a lot of reason to believe this is likely bottom, or close to it, for at least a couple weeks. We've got: Bull Butterfly harmonic, Weekly Dragonfly Doji candle, 2yr VAL, & 61.8% retrace from Covid low.
As always, we can't fully trust the first 3 days off a bottom, but we'll be looking for high volume bull follow through and dips to buy. I'm long TQQQ $16.60 from premarket today. I'm not leveraged too much yet, but the chart is saying big reversal here. SOXL had the highest volume on record by almost double and jumped 25%. NQ had highest volume since February. All bull moves. Bull Butterfly's first target is the B node which happens to be the 2yr POC at 314.
Idea below is about not trusting the first 3 days unless they have high bull volume
As always, we can't fully trust the first 3 days off a bottom, but we'll be looking for high volume bull follow through and dips to buy. I'm long TQQQ $16.60 from premarket today. I'm not leveraged too much yet, but the chart is saying big reversal here. SOXL had the highest volume on record by almost double and jumped 25%. NQ had highest volume since February. All bull moves. Bull Butterfly's first target is the B node which happens to be the 2yr POC at 314.
Idea below is about not trusting the first 3 days unless they have high bull volume
註釋
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。