EW corrective wave after an impulsive wave. EW corrective wave after an impulsive wave. In the middle we have a nice head an should der formation. Monthly and weeks charts left a doji candle. No need to stand against the trend.
TQQQ trade ideas
A Bearish Take on TQQQThis would seem crazy with how stubborn this market has been... but falling volume, a seemingly end-of-Elliot Wave-run, and the rising wedge at double resistance are foreboding to me.
Is TQQQ having a descending triangle on 15 minutes chart?TQQQ seems to be forming a descending triangle....more troubles ahead if it breaks down the bottom line. The good news is that macd is improving so is RSI.
bearish butterfuly on TQQQ daily chartThe only thing I don't like is that the daily RSI is way too overbought and it's due for a short term correction
15 minutes chart TQQQwe maybe in this triangle, looking more bearish than bullish for the next few days
longer trend, we may still be bullish but it's taking a break right now.
would this be a possible H&S? I see a left shoulder, we are possibly at the head now using 4 hour chart
TQQQ: near-term US market correction has a bit more downside3x-levered Nasdaq ETF (TQQQ) is in on the C leg of an expanded flat correction.
TQQQ Geting ready for a 12 pt. ripHuge consolidation after waterfall decline. Getting ready to go long when 145.50 taken out on closing basis.
TQQQLong at 130 seems to be a high probability trade with tight stop loss.
115 and extreme case of 94 are better entries if 130 entry doesn't perform.
Can TQQQ hold first level of support after breaking 45 day trendWe are seeing lots of volatility in the market as a result of the Fed pointing to further rate increase with a bonus of fear inspired by trade tariffs. I want to see MACD (12, 26) trending up and CCI above 50 before we go long. Stay cautious of further consolidation.
Long for TQQQTQQQ has recently set a new 52 week high. The pull back is due to rate hikes. Once people accept this, they will hopefully start putting money back into stocks. I see this pull back as a buying opportunity. RSI is below 50. The blue candle represents a conservative entry while the yellow are more aggressive entries. The target price is to break the 52 week high of 190. This should then carry us to 200.
TQQQI think we are in a upward range. We got hit on FB news and maybe it continues tomorrow. For the news to get these FB guys to talk to them good luck. There at there computer and they stay glued to it. I say tomorrow they find something else and the incredible strength on the Nasdaq goes back up. That's just my guess.
update on TQQQI was bullish on TQQQ- I still believe that it will continue to set records this year. But if you have been playing this since the dip, you are sitting on 20% or more of profits. The RSI is 63 nearing a risky oversold area for my taste. The 9 day EMA is $170.50, which would be quite the drop. There could be a bounce off the 9ema and price to break its previous high. Maybe sell some of your shares or hold on for a break out play. Personally, I think i will average down as shown on the graph.
TQQQ this month.Looking at the week ahead for TQQQ I think there is still some upside before this ascending broadening wedge turns bearish. For aggressive traders I would wait for a close above the blue trend line, but be ready for the price to bounce off of the yellow trend line. For more conservative traders wait for a close above the yellow or better yet the green trend line.
LongTQQQ is stair stepping upwards. As you can see the Bulls are in control despite the consolidation. The Price could find footing at the EMA(9)=164 or it could find footing at the EMA(20)=161 before continuing up. The overall economy is strong. People are freaking out about potential rate hikes. This could be a good time to load up.
I WILL FOLLOW...Hello traders
Target for TQQQ ==> around 167-168.
Some economists claim that an upcoming crisis will soon explode ... the trouble is that these economists say it for at least 5 years ... and the market is resolutely bullish at the end.
What to believe ?...
Not having crystal balls in my hand, I will follow the trend of the market.
Yes... as a title of a music of U2... "I WILL FOLLOW" :)
Curious thing ... the gold goes up since last Augus ... is that a sign ?
For me, i don't think so... economy work well, the US10Y is about 2.56, not a critical level... and The BofA Merrill Lynch US High Yield is under 5 %... so no doubt that investisors are positionned in Actions actually !
Nevertheless Let's stay alert !
Bye
Jeanne
