TQQQ just created a 3D doji. The reason this is important is everytime we have seen reversal candles close to or in our red box (Supply zone) usually we see selloffs follow.
Price came very close to the red box and created a 3D reversal doji that could signal some downside price action. If this is to occur the first level to watch would be our 0.382 Fibonacci level around $65.
Price came very close to the red box and created a 3D reversal doji that could signal some downside price action. If this is to occur the first level to watch would be our 0.382 Fibonacci level around $65.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.