QQQ SHORT TRENDNASDAQ:QQQ , qqq looks quite bearish for next 2-6 months and im focusing on correction, rsi nearly overbought and fibonnaci zone
QQQ trade ideas
QQQ Is it topping before a crash or setting up a correction?QQQ is on a weekly chart. Only the pundits, soothsayers and headline readership volume seekers
know for sure. Will not the upcoming elections prop things up? Buy in March April and May
and then go away? Is this spring coming up roses or instead dandelions?
$QQQ Analysis, Key Levels & Targets for GDP NASDAQ:QQQ Analysis, Key Levels & Targets for GDP
Tomorrow’s Trading range Is just under ATH’s. We also have GDP in premarket, PCE on Friday as well as Jerome Powell speaking on the last day of the quarter.
Should be an interesting last two days of the quarter. Full walkthrough on tonight’s video but this at least gives you the levels to look for.
Don’t forget to take profits when you’re up!!
$QQQ Day Trade breakdown As a day trader one of our best trigger levels come from the previous day low/closing price. Well this happened to be both here on QQQ and we have a steep correction into $443 level which was the previous day low/close. We see the bear flag form back into resistance and we look to take it short here for a move further to the downside.
QQQ The Target Is DOWN! SELL!
My dear subscribers,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 446.21 pivot level.
Bias - Bearish
My Stop Loss - 452.09
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 435.52
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
QQQ (Nasdaq etf) - Potential Bearish Momentum - WeeklyQQQ (nasdaq etf) has been uptrending for over a year (2023 to 2024).
However, signs of a potential pullback in the long-term charts are showing with the price and rsi oscillator.
In the long-term, a potential pullback may occur in the price, and the price could fall down to $426, $419, $400, $394 support levels.
Long-term resistance levels are: $460, $470, $480, $500.
QQQ etf volatility and trend can be affected by FOMC Interest Rates, Corporate Earnings, Consumer Sentiment, and Global Event Catalysts.
A major bearish catalyst or a series of bearish events would be needed to reverse the price back down.
Note: Without bearish events, the price of QQQ could continue rallying to new all-time highs.
🌟📉 Short Trading Setup on QQQ Chart—ICT Analysis! 📊💼Let's dive into an intriguing trading opportunity on the QQQ chart with a short setup based on ICT analysis. Get ready for valuable insights and potential trading strategies. 🚀📉
📉 Downtrend Formation:
Upon careful examination, it becomes evident that QQQ has formed a lower high and lower low, signaling the establishment of a downtrend in the H1 or lower timeframe. This bearish pattern suggests a potential opportunity for short trades. 📉🔻
💡🔍 ICT M15 Short Setup:
Delving deeper into the chart, it becomes quite apparent that a compelling ICT M15 short setup is in play. The price action and key indicators align, indicating a favorable scenario for short trades. This setup presents an opportunity to capitalize on the downward movement and potential profit. 💡📉📊
🎯 Target and Stop Loss:
For this short trading plan, we have set a target at $443, representing the level we anticipate QQQ to reach during the downtrend. To manage risk effectively, we recommend setting the stop loss at $448. This ensures a risk and reward ratio of either 1 to 1 or 1 to 1.5, depending on your preferred approach. 🎯⛔💼
Embrace this short trading setup on the QQQ chart, guided by ICT analysis. Remember, trading carries risks, so always exercise caution and diligence. Make informed decisions based on your risk appetite and trading strategy. Let's maximize the potential and aim for profitable trades! 💪💼💹
#QQQ #ICTAnalysis #ShortTradingSetup #TargetandStopLoss #RiskRewardRatio 📉📊💱
QQQ TO RUN TOWARDS 460If qqq can stay above 444 on the daily timeframe, I can see us making a run towards 460 anytime before April 05 2024, the best entry for a trade will be above the previous high at 448.
QQQ Bearish Scenario - 422 Short Term TargetThe price action momentum over the last month or so in the QQQ has begun to slow down.
Price within the main black bull channel seems to have shifted into a more shallow (blue) bull channel, which is a sign of slowing momentum.
This shift into the blue channel gives better chances that the bears could take control if the black channel is lost by the bulls.
A bearish scenario i will be watching is if they break below the 435 area, price will likely be breaking down from both the main black bull channel, and the blue tapering channel.
With this setup, overall i would like to see some sort of right shoulder to form to build liquidity to take it lower.
The next (blue tapering) lower channel line should be around 431, and another pause and right shoulder there would be good to see.
If they can break the 2nd tapering channel line at 431, they should have room to about 422 area, to test the recent gap and pivot, which was the day of NVDA's earnings.
QQQ Longer Term ReviewGoing over the QQQ after FOMC seeing what the chart is telling us. looking for clues and leans. working on multiple plans in case we go down, sideways, or up. what to look for and how to trade to make $$$.
COULD QQQ TRADE SIDEWAYS FOR 12 MONTHS?On the 3 day chart, I am looking at the possibility of QQQ retesting the 50 / 200 MA as support before continuing this rally up to new ATHs.
This pullback would be like 2011 pt. 2
QQQ Bullish above 439QQQ touched support today and the dip got bought, if we can get back above 439 this week, we should 446-448, if we go above that zone then QQQ can start trending again towards the top of the green channel
QQQ expecting down into Thurs/FriI've got a scenario for the week that suggests a high today or tomorrow with at least a couple days down and a v-bottom.
This is based on my dowsing work that is still a learning process, but has some merit. I am working to get it as close to reliable as I possibly can. It's fun & helpful to post ideas here on TV to see what works or doesn't. Especially after longer term periods.
I expect this action could be initiated after Fed speak tomorrow. We'll see.
QQQ bearish Head-and-Shoulders pattern confirmedNASDAQ:QQQ has shaped Head-and-Shoulders formation on the daily chart. Daily downtrend confirmed, weekly consolidation has started.
Please note that broad SP500 market is still technically in an uptrend, meaning that buyers are still strong. So if you plan entering SHORT on QQQ I would wait for a pullback to increase risk-reward. An example of possible trade is shown on the chart. Of course, it is important to monitor how things develop and make corrections if needed.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
QQQ Falling Out of Channel on Quad Witching DayQQQ is down over 1% today and falling out of the channel it's been in since October. It's quad witching today so could not be a coincidence that the market might be changing phases. An obvious spot for support would be the 50 EMA down between $425-$427.
