QQQ Breakout or fake out?

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Wedge fakeouts often reverse sharply, so puts could pay fast if rejection holds
  • If QQQ closes above $580 with follow-through & volume, then R3 @ $585.24
  • Invalid if price breaks back below $578
  • If QQQ fails at wedge top and breaks below $576 (lower trendline), then R1 at $575.47 (could bounce here intraday)
  • Invalid if price breaks back above $578

The next couple of candles will decide

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