Pattern 3 of QQQ after touching 200EMA

Thanks for sharing us with Pattern 1 & 2 for QQQ after it touched 200 EMA.

https://bbs.wenxuecity.com/finance/6487744.html

On 01/03/2016, QQQ touched 200EMA. The next day it opened much higher but closed lower (still above 200EMA). The third day it crashed below 200EMA. The bouce after touching 200EMA never reached 50 EMA in this case. YMYD.




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This could be the case for tomorrow. -Beyond_Soros- 給 Beyond_Soros 發送悄悄話 Beyond_Soros 的博客首頁 (182 bytes) () 08/05/2024 postreply 18:57:57

Yes, i've found that it usually requires 2 days to confirm -三心三意- 給 三心三意 發送悄悄話 (540 bytes) () 08/05/2024 postreply 19:16:46

Your posting is extremely valuable. Thanks. -Beyond_Soros- 給 Beyond_Soros 發送悄悄話 Beyond_Soros 的博客首頁 (0 bytes) () 08/05/2024 postreply 19:35:03

I will buy more call spread tomorrow if we confirm -三心三意- 給 三心三意 發送悄悄話 (0 bytes) () 08/05/2024 postreply 19:42:00

I closed all my in the money PUT today to lock in profit. -Beyond_Soros- 給 Beyond_Soros 發送悄悄話 Beyond_Soros 的博客首頁 (168 bytes) () 08/05/2024 postreply 19:58:56

好帖 -與莊共舞- 給 與莊共舞 發送悄悄話 (0 bytes) () 08/05/2024 postreply 19:57:35

Thanks for your support. -Beyond_Soros- 給 Beyond_Soros 發送悄悄話 Beyond_Soros 的博客首頁 (170 bytes) () 08/05/2024 postreply 20:16:11

Thx. I wasn’t able to locate the point of the 3rd day crash? -這樣子- 給 這樣子 發送悄悄話 (0 bytes) () 08/06/2024 postreply 03:29:25

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