QQQ Intraday Setup
April 16 2025
Decision making - 15minutes time frame
Short trade scenario -1
Market Takes resistance = 455.95
Stop loss = 456
Short trade get initiated
1st Target = 449.0 (profit booking)
2nd target = 442.58
Trade setup explained:
Market made a high of 455.95 on April 11 2025.
High has sustained above 455.95 in next 2 trading sessions
Market has opened today below 455.95. Hence this support zone is now intraday resistance zone.
Long trade scenario-1
Market Takes Support = 442.58
Long trade gets initiated
Stop loss = 441.20
1st Target 450.85 (Profit booking)
2nd Target = 455.95
Trade setup explained:
Market made a high of 442.58 on April 7 2025.
Market has sustained above 455.95 in next 6 trading sessions until today and hence becomes intraday support.
Long trade scenario-2
Market opens gap down and sustains above = 450.85
Long trade gets initiated
Stop loss = 447.19
1st Target 452.64
2nd Target = 455.95 (Profit booking)
Trade setup explained:
Market has a downward trend on April 10th and creates an intraday swing high of 450.85. The swing high of a downward trending day becomes 1st stage of resistance when markets are close to this price.
Disclaimer: I am not a registered analyst. The above information is only for educational purpose based on my years of experience. Please consult a financial advisor before investing.
April 16 2025
Decision making - 15minutes time frame
Short trade scenario -1
Market Takes resistance = 455.95
Stop loss = 456
Short trade get initiated
1st Target = 449.0 (profit booking)
2nd target = 442.58
Trade setup explained:
Market made a high of 455.95 on April 11 2025.
High has sustained above 455.95 in next 2 trading sessions
Market has opened today below 455.95. Hence this support zone is now intraday resistance zone.
Long trade scenario-1
Market Takes Support = 442.58
Long trade gets initiated
Stop loss = 441.20
1st Target 450.85 (Profit booking)
2nd Target = 455.95
Trade setup explained:
Market made a high of 442.58 on April 7 2025.
Market has sustained above 455.95 in next 6 trading sessions until today and hence becomes intraday support.
Long trade scenario-2
Market opens gap down and sustains above = 450.85
Long trade gets initiated
Stop loss = 447.19
1st Target 452.64
2nd Target = 455.95 (Profit booking)
Trade setup explained:
Market has a downward trend on April 10th and creates an intraday swing high of 450.85. The swing high of a downward trending day becomes 1st stage of resistance when markets are close to this price.
Disclaimer: I am not a registered analyst. The above information is only for educational purpose based on my years of experience. Please consult a financial advisor before investing.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.