TQQQ - To the $110 💰After bleeding for a while now, the Tech sector finally shows some signs of life!
Our short-term target stands at $110.
TQQQ
TQQQ BULLISH SIGNTQQQ bullish sign.
1. MACD almost buy signal.
2. Price passing EMA 21.
3. EMA 21 almost bounce off EMA 55.
4. Price bounce off parallel channel.
IF EMA 21 don't bounce off EMA 55, market will sideways.
IF EMA 21 bounce off EMA 55, BUY SIGN.
NASDAQ, Statistic, and Fibonacci...Institutional investors call themselves "Smart Money" because they have access to more data and analyze it better than us at any moment.
If you check Fibonacci time zones on NASDAQ, you will be shocked:
1- weekly chart: post-pandemic Bull market last 55 weeks. (55 is the 10th number in the Fibonacci sequence)
2- In the hourly chart, it follows the time zone and retracement levels:
The important question here is to find the next probable reversal zone:
Model A:
Model B:
Now let's review the past and see what was the most common pattern in NASDAQ weekly chart in the past 60 weeks using some statistics:
Weekly chart:
1- Between March 2020 and April 2021 (55 wks) we had 31 green and 24 red candles! Net outcome:+107% (average +1.95% weekly)
Even in the longest bullish market, 43% of weekly candles were Red!
2- The Most common pattern: 1 Geen candle followed by 1 Red. repeated 9 times!
3-For the first time in the past 60 weeks CURRENCYCOM:US100 closed in rd for 4 consecutive weeks! and this has happened after that 55 weeks!
4-During the longest Bullish market ever, we see a 5 consecutive green candle only once, 4 consecutive green twice, 3 consecutive green once, and 2 consecutive green 3 times!
How we could use this information?
Let's assume you bought TQQQ every week. Your chance of closing your trade and making profits could be 70%! This is way above the 51% success rate of the Medallion fund of Reinacence Technologies which is the most successful fund of all time.
How we should use all this information:
Scenario A: You believe we are in a Bullish market: Buy TQQQ every Friday. (This could be good after 4 consecutive weekly red candles, but not recommended)
Scenario B: You believe we are in the Bearish market: Buy SQQQ every Friday. ( IMO: This could be a better choice in a longer time frame)
SQQQ potential part 1 SQQQ is the inverse of TQQQ and follows NASDAQ 100 which are 3x leveraged ETFs.
This chart is on the Weekly timeframe... it basically shows the overextended market. I will be watching this for mean reversion toward the kijun.
Sell Bitcoin, Buy TQQQ?Any comments? Use support/resistance lines. It looks almost like a sine wave to me.
QQQ Long on hourly chartQQQ is showing Long signal on RSI of MACD and RSI of VWAP strategies.
when it shows on more than one strategy , it is strong signal.
Yellow color on the chart is from RSIofVWAP , blue color on the bottom chart is RSIofMACD.
Moonphases backtested QQQ NQ NASMoon phases begin 3 days after, marked by vertical lines. If the trend started the same day I gave it credit. If you could've lost considerably holding till the next moon, I put it in yellow, but still gave credit for initial trend.
Full moon (bot) was correct 9/9 1 ylw
New Moon (top) was correct 7/9 2 ylw
So it seems you can trust moon phases more than most indicators! Overall 88% accurate, with Fulls near 100%, and News @ 77% accurate.
$NIO - STIL BEARISH, Rejected at top of channel $26 Price TargetMountain Top Formation, Rejection of Falling Channel, Could not pull through 0.618 Fib Retrace, Major Head and Shoulder
$PLTR - Palantir Heading Lower, BEARISH immediate and short termRejected Falling Channel for 3rth Time. Falling Channel intact.
$TSLA - TELSA Stock Pennant Setting Up - Bearish immediate termCan go either direction soon after consolidating in the pennant
QQQ 50% decline by EOY 8500 If QQQ has a 50% decline and goes to 8500 by end of the year(see chart), then TQQQ will have 150% decline and wipe-out entire positions. I think we all knew this was coming, just hope the newbies understand that TQQQ can go to 0 when you are dealing with 3 times leveraged funds. They had a great ride but the train is coming to a stop!!! Take cover!!! Feel free to express your opinions.
Time to short QQQ again!! 1st target 12,400Many things pointing to lower QQQ. The probability of QQQ going to 12,400 is much greater than QQQ breaking resistance. This is looking to me that it will selloff in the next two trading days. What are your thoughts? Please understand that this is for my own personal trading style. Please do your own due diligence and trade safe!!
TQQQ - BONDS vs NASDAQ 👊-The last couple of weeks were tough as the non-ending rise in bonds was dragging the Nasdaq lower and lower each day.
-Now, finally, after a strong rally in bond yield we can see a sharp drop-down in the yield (orange). This is the chance for Nasdaq!
-As long as TQQQ manages to keep the nose above the 85, it will maintain the possible bullish run. However, it is still not clear if
the bond rally has come to an end!
-Lets all closely watch these 2 fighting over the throne with eachother and pay close attention to the possible re-test @ 85!
TQQQ Diamond breaking out!! Could be the start of new bull run!!Today will tell a lot but Europe has started to push TQQQ above resistance diamond.
Bear Flag for FNGU 3x etf (updated) - 23% downside possibleIt's shaping up to be a bear flag.
If right, we could see 23% downside, with a price target around mid $22.
Potential bear flag for FNGU - maybe 45% downside? FNGU is a 3x leveraged fang etf.
We've had a small consolidation (flag) but now we've started moving downward again (potential bear flag pattern).
Bear flag price target of roughly $15 would mean a 45% fall from current price.
Price target lines up with support levels of around $15 which we bounced off of multiple times in September 2020.
We also recently crossed below the 50d MA on the 4H.
TQQQ - Keeps up with the Channel!As long as TQQQ keeps playing around between the uptrending channel's walls, we are safe!
