$QQQ - Hanging Man Validated by Daily Volume:
$Invesco QQQ(QQQ)$ - Hanging Man Validated by Daily Volume
While the tech downtrend remains intact and price action suggests a bearish reversal, Williams %R is not yet overbought, presenting an imperfection for the bearish thesis.
Price did bounce off the 50DMA, and a Hanging Man doesn't guarantee a pullback (see previous occurrences), using levels is key: Bullish (only) above $515 with $530 as the next destination.
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- KSR·01-18👍LikeReport