$TQQQB 30 New low of the day, current price 63.83, previous low 64.2.
After a new low, three common patterns are:
① A rebound touches the previous low and then falls back: weakness continues
② Price fluctuates around the previous low: consolidation, watch for direction
③ Price quickly recovers above the previous low and holds: false breakdown
It is still below the previous low; watch whether it follows ① or ②.
#TQQQB
After a new low, three common patterns are:
① A rebound touches the previous low and then falls back: weakness continues
② Price fluctuates around the previous low: consolidation, watch for direction
③ Price quickly recovers above the previous low and holds: false breakdown
It is still below the previous low; watch whether it follows ① or ②.
#TQQQB