NAS100 QQQ CRACKING! AGAIN!
NASDAQ has been CRACKING everywhere, structure after structure. Now it's forming a major double top.
What we need to see now is lower lows and highs in a commanding way. If it continues this back-filling, then I would call this a High base for more upside.
This is a simple, low-risk, short setup. Trading it against previous highs. (even if it breaks a bit above it) with a lot of downside potential!
This is the cost of doing business the right way. Be willing to take the small hits until you get PAID! WELL!
So I would forget about this trade if I were planning to jump in and out. I would hold it, giving time to PAY ME!
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