QQQ - Awaiting the Exit on MACD downTechnicals:
1. RSI has already moved to overbought
2. MACD is peaking
Fundamentals:
1. USD Debt Ceiling Resolution
Strategy:
I will be exiting when:
MACD makes 2 days consecutive dips
TQQQ trade ideas
TQQQ Waiting for price to react at the consolidate zone HKEX:25 -25.50... so I can go long. My Target buy is at $24.33... this area has a lot of reaction.
GT - VTN - Fibo.
TQQQ - Rising Trend Channel [MID TERM]- TQQQ has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- It also gave positive signal from the double bottom formation at the break up through the resistance at 23.69.
- Further rise to 30.60 or more is signaled.
- The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- The stock has marginally broken up through resistance at 27.60.
An established break predicts a further rise.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
TQQQ Stock Chart Fibonacci Analysis 042623Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 25.6/61.80%
8%-12% Drop IncomingWill sell off into Early May.
Target 25 by end of next week, could see as low as 23 before this recovers after a grueling distribution phase this past week.
Drop starts now into close, then we will see a gap down tomorrow 4/21 and continuation down from there.
TQQQ - Resistance be Support [SHORT TERM]
- TQQQ has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate.
- TQQQ has broken up through resistance at 27. This predicts a further rise.
- TQQQ is assessed as technically positive for the short term.
TQQQ or QQQ swing tradingQQQ / TQQQ is in uptrend on 1 hour chart. I am watching this to pull back to BB Lower Band. Then it should close up with green candle. I am planning to BUY it here. Target price should be upper Band.
TQQQ Retracement for first half of AprilSimilar to the FNGU CTM 1.0 Technical Analysis, look for support at the $26 zone. Support line is broke, TQQQ could retrace back to $22.92. Could buy the inverse for short term trade below $26 and sell around $23. I'm long on TQQQ so looking to reup on buys in that area unless the 2nd line of support is broken. Paying attention to the MACD here for continued trend upward until TQQQ gets overheated.
Not financial advice.
Long SQQQ @ $32.50As we come to a crossroads between a banking crisis, debt crisis and other catastrophic financial and geo-political events going on, SQQQ has set a new yearly low. I have sold my TQQQ and will start accumulating SQQQ at this price.
Our CM_Williams_Vix_Fix Finds Market Bottoms indicator is signaling a heavy floor in this area.
We just broke up from underneath our Keltner Channel, which is a sign of a potential reversal.
With SQQQ's lowest low being around 28.00 there is only so much support under us, but I do believe this is a good time to accumulate.
Our momentum indicators are showing a slowed movement in SQQQ's price move downward.
While the markets are extremely bullish right now, what goes up must come down. I believe this large pump is all a facade and we're going to see a turning point soon.
Conversely TQQQ is double topping and momentum indicators are showing a slower movement in trading momentum and volume.
We'll check back in as soon as we see this play out!
Support Channels on TQQQ if support breaks todayThese are the weekly support channels if the market continues to fall after today's bad news.
$14,600 Profit on TQQQ Swing Trade, What to look for next week. A deep technical analysis as to why I took profit on my 8000 shares of TQQQ and some mistakes I made on my trade that I could of done better.
- Also what to look for on Monday, Monday is likely a buying the dip opportunity day for the next move up on SPY and QQQ, i explained what we should be looking for to be buying in again.
- the weekly higher low is set and i will be playing off of it
- bulls are still in a weekly uptrend and now we have to change 4h and daily trend back to the bulls.
TQQQ Stock Chart Fibonacci Analysis 030223 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 21/61.80%
matching up zones and averagesusing this order flow/volume zone and volume weighted average strategy theres clearly still a bearish bias on the outlook for the nasdaq hourly. im guessing we come up to touch the resistance zone/averages and back down to do the same to lower levels.
TQQQThis was a chart request ..
Tqqq resembles NQ with this large falling wedge and has A inverted H&S similar too QQQ.
Look for breakout tomorrow
TQQQ Stock Chart Fibonacci Analysis 022523 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 21.8/61.80%
TQQQ Stock Chart Fibonacci Analysis 021623Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 12441/61.80%
Short TQQQNot looking to break out this week out of this trading channel. Likely to go down, then back up within this trading range. Could break down on any bad news, less likely to break up.
what would continuation toward contango look like?spot is having a time catching up with price, and this is one of my favorite derivatives. if the turnaround is going to continue to break out, and we pull back to a comfortable level keeping the uptrend daily i would follow the uptrend with leverage. im excited about the current daily pattern being a sign that a snap back to the bulls could happen tuesday, and im also excited about a lot of potential shorts of equity in the index. im just as excited about going long around emas and trendlines holding bull in the overall index. using fib im aiming for bear weekly highs as well as the 1 and the 1.618 as long as we are beating the regressive bottom and accute trend angle.
NASDAQ and SP500 big drop expectedI thinkw we may see a bug drop soon but this doesn't mean that I will short it
TQQQ update Heres my Elliot wave count for TQQQ
We may go lower tomorrow then a hard bounce to fill the gap, now this resistance has been hit 4 times.. If we hit it again theres a good chance we could break it and that would take us up to around $24.5 range, resistances get weaker the more times they are hit so watch for breaks and volume. If we Fill the gap with a hard rejection i believe we are headed down to the $20.20 range. This would be a correction after the wave 5 to 50 to 60% fib level..
This week is huge with earnings and the fed meeting so expect a lot of volatility, there is a chance we move sideways until the fed meeting
TQQQ Simple Chart AnalysisTQQQ - Rst 24 & 39 Supp 16
This code stock will represent long in nas100 chart. It can be traded like a stock to play. This will be the fastest way to gain a 100% ROI as long nas100 continue to shine & rise.
TQQQ update lease check my last post, we are right on track.
To keep this brief:
Elliott wave update i changed wave 5 to 3, i believe we are in a temporary corrective phase and targets are posted. The 38% is my target area at gap fill, most likely a flat correction
Currently we are at resistance attempting to break, we broke through the $17.40 level but watch for a retest of that level before moving forward. TQQQ looks very bullish at the momment, macd cross just below the 0, TSV are showing high buying power and MFI is overbought, small time frames we are showing signs of a temporary reversal downward and i mean temporary. I believe pre market we will sell off hard then rebound even harder. If u can tell every time we hit the overbought level we have a temporary downward movement
We predicted this reversal due to multiple divergence on the TSV and macd .
MFI is overbought on the 1 hour and the 15 min is showing signs of weakness
I think we will drop hard in pre market and recovery quickly.
this reversal will be temporary so don't get greedy.
Now alt scenario..
This could be the alt wave 5 which means we could move much higher
Thanks
god bless
TQQQ update after CPIWe expected a bounce... this big? honestly no. The gap fill was my original target @ $18.81, it hit and acted as resistance then broke through.
We are currently sitting at resistance @ $20.21, i believe monday will be a red day considering some of our indicators are bearish. If we drop down to the $18.81 expect a bounce, i believe we will try and test the downward resistance line @ $19.61. (Decision point #1) if we break expect a retest of the green trend line.
Elliot wave: Staying with my original count with this being a wave 4 retracement, if we move any higher that will invalidate the count and we would be looking at a wave 5 retracement instead of a 4. It looks like a flat and zigzag correction, If we break higher C is the next target sitting at 127% fib extension for the zigzag. It's rare for a wave 4 to break this high but it is possible
Indicators: MFI currently overbought with divergence
Tsv: Decreasing volume ever since the previous high creating a divergence
Overall i'm bearish but i think there is a legitimate argument that we could go higher so watch break of structure and volume.
Thanks
God bless
