QQQ Trade Idea

Long and short trade ideas for QQQ.

Hard to tell where price is going in the short term, so avoiding swing trades for now.

Long Trade Idea
Entry: Below previous high and a 1.618 Fibonacci level.
Target: A past day's 1.618 Fibonacci level

Short Trade Idea
Entry: Above the channel drawn on the Daily chart
Target: Past day's 1.618 Fibonacci level.

Exact entry and targets are based on price action. I do not set limit orders.

KEY:
-White Horizonal Lines: Support/resistance level.
-Green Horizontal Lines: 1.618 Fibonacci level from a previous day