Today’s $Invesco QQQ(QQQ)$ price action has the look of a potential reversal, similar to the July 17 bounce. I’ve already taken three positions and am considering a fourth.
But there’s a second scenario to keep in mind: the bounce could fade over the next 3–4 days, followed by a move below today’s low, much like July 23.
The key is your timeframe and entry quality.
If your setup offers a tight entry with a clear invalidation level, the opportunity may still be worth taking. If you’re trading a short-term bounce, chasing after the initial move can leave you exposed if momentum fades.
Don’t confuse a reversal signal with confirmation. Know your holding timeframe, define the level that invalidates your thesis, and ask whether the market is still offering a favorable risk/reward entry—or whether patience is the better trade.
Markets are always moving - and sometimes, the best move is knowing what works for you.
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