QQQ Hourly Chart: Head & Shoulders or Double Bottoms
This is QQQ hourly chart right now. Is this a double bottom pattern or a head and shoulders pattern? It will tell later today or tomorrow.
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QQQ needs to take over yesterday's high163.51 to prove it's a double bottom pattern and start to test last Friday's high 166.02. However, should it down below yesterday's low 160.33, it would be head & shoulder pattern and go lower further. Right now it's extremely narrow trading and QQQ goes nowhere. Wait to see...