CQQQ, on weekly charts gaining strength - buy set up
As seen on the weekly charts, CQQQ seems to be changing directions. Bullish divergence seen recently as indicated in the chart and price getting into an uptrend, recent week high also broken and price now eying the 52.31 level breakout.
Important to see a retest and look out for price retracing and confirmation of uptrend if price makes a higher low than the most recent previous levels
2 ways to play
1. wait for higher low to be created and if next candle after that formation is positive, go long
2. Incase you want to wait for further confirmation, then wait for 52.31 levels to be breached and then go long
IF you like what you see, please share a thumbs up
Cheers
Important to see a retest and look out for price retracing and confirmation of uptrend if price makes a higher low than the most recent previous levels
2 ways to play
1. wait for higher low to be created and if next candle after that formation is positive, go long
2. Incase you want to wait for further confirmation, then wait for 52.31 levels to be breached and then go long
IF you like what you see, please share a thumbs up
Cheers
