QQQ H& S Pattern breakdown possible , US ETF474 below Trendline breakdown possible 472/470/460 can test soon
Also have H& S pattern which have target 440
QQQ trade ideas
Bearish Formation QQQ to $454.85 or $436.57but B wave up first to fill the gap. TP's in blue for both the small B wave up, and the big C wave down after
There are 4 possible B wave levels we have reached the first one, so we could just go straight down
$QQQ Nasdaq with Rate Hiking Cycle DatesGoing along with my usual 'Key Hidden Levels' in the markets perspective that NEWS is an important price level to mark on charts so it is visible to everyone, I have created the update to the "Rate Hiking Cycle" chart.
The purple triangles and lines are the range of the day of the announcement and the mid-point of the day plotted horizontally forward.
With this data you can see how past levels where the Fed Rate Decision occurred has provided either support or resistance to the movement of the market. Typically it hasn't been as obvious the the observer of a chart all by itself without these markings.
At some point these important news levels will be visible for all of us investors so we can see and understand more quickly how the market is absorbing or dealing with the news.
I hope you enjoy this chart an continue to update it for yourself. I will work to get these dates into the system so you can all see them on every chart.
Wishing you all the best in your investing and trading.
Tim
1:48PM, Thursday May 23, 2024
QQQ: Bullish Reaction Above Critical Support Level.On the daily chart, QQQ has established a critical support line at 476.26. This support level has held the price in the past, making it a key level to watch now. The recent price action shows a pullback from recent highs, testing this support line. The 21-day EMA was lost, and now it is a resistance level. To reverse the mid-term bearish sentiment, the QQQ needs to trade above this 21-day EMA again.
The weekly chart presents an evening star pattern, a bearish reversal pattern indicating potential weakness ahead. The evening star consists of a strong uptrend followed by a small-bodied candle and a subsequent strong bearish candle. This pattern is formed at the end of an uptrend, suggesting that the bulls are losing momentum. The key level of 476.26 on the daily chart aligns with the recent pullback seen on the weekly chart, adding significance to this support zone.
Today's reaction is promising, but the QQQ needs to break its 21-day EMA resistance, and make a clear bullish signal in order to frustrate the bearish signal seen on the weekly chart (evening star pattern). Otherwise, we can expect a pullback on the weekly chart.
In summary, QQQ is at a pivotal point with the critical support line at 476.26 being the focal point. The price action in the coming days will determine whether this support can hold and provide a foundation for a rebound, or if the evening star pattern on the weekly chart will lead to further downside pressure. The interplay between the daily support and the weekly bearish pattern will be crucial for us to watch.
This week is the start of earnings season, so we can expect high volatility.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
QQQ My Opinion! BUY!
My dear friends,
My technical analysis for QQQ is below:
The market is trading on 475.22 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 487.32
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
07/22 QQQ ATR Levels and RangeThe ATR of the Q's continue to get larger, again this could and very well is a cause of the downside action, it still calculates into the ATR regardless.
We got a clustering of price action below where we currently are something I am looking at for a bounce range.
Lots of geopolitical news out this weekend and as usual the market is in FUD mode.
And the CNN GnF meter is showing NEUTRAL !!!
Good luck
QQQ PossibilityGuessing the price action coming next week..
We are in a strong bull trend. Not expecting everything to crash at one.
My play this week is to scalp some calls as i see some support down at 472-474.
#QQQ-Major Supports under the knees of the market.#QQQ - Time: H4
$465
$445
are the major supports under the knees of the market.
QQQ to more downside?My prediction if QQQ breaks into a downtrend instead of bouncing / consolidating and moving up
QQQ Bounce off support?Just testing out some charting here, unsure if it will bounce to fall lower or continue higher but this does seem like a level to bounce off of?
QQQ: Bulls Will Push Higher
Balance of buyers and sellers on the QQQ pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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QQQ - Technical Cumulation Points Indicate RecoveryI have plotted all relevant marks and technical developments directly on the chart.
To explain briefly: we see a pronounced bullish divergence in the DMI. This divergence should resolve itself in the upcoming week.
The divergence would be resolved if the price were to close at 485.20 or higher on an M30 basis.
The 38.2% retracement of the downward movement since July 10, 2024 and a volume imbalance are located at exactly this level.
In the small time frames, a tentative upward movement in the form of an upward 123 pattern was seen at the close of trading on Friday.
This recovery is very fragile. Nevertheless, it can be assumed that the price will soon resolve the bullish divergence, especially as the corresponding mark is of great technical relevance.
QQQ wave 4 bottom in. Wave 5 up to begin next week.Using Elliot wave, fibs, MA support, channels and more I show what looks like a local bottom for the QQQ. I expect the exciting wave 5 to begin next week and take us into Aug/Sep time frame. Many people are saying this is hit... always happens right before a reversal. These people take it to the limit so TA could also show a bear case... but once you put everything into context to me it shows that the Bull isn't done yet... Just another breather before resuming the uptrend.
QQQ Short TargetI thought NQ may hold the 20k area, which it may still. The trendline from 2023 in that area is critical as well, it has broken below that as well for now.
For QQQ, it has a really bearish looking break of its uptrend, breaking all support levels I have quite easily. Getting into some sketchy territory. As of now I'm expecting a move down to at least ~$468 and it just keeps getting worse if that can't hold there either.
Long $QQQ or /NQ Futures from hereIntra day trade on NASDAQ:QQQ or /NQ futures . Long here with stop below today's low
QQQ, ICT Short Setup, small lot👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Short setup in
QQQ for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
07/19 QQQ ATR Levels and RangeKeeping it real quiet this morning, not going to put alot of emphasis on direction or perspective, its friday and the RNC is over, the reports are going to be lite and the day is going to be FAFO 0DTE Friday, good luck.
The ATR has increased to 6.05, but that increase is due to the downside stretch being added in form this week.
07/19 QQQ ATR and LevelsKeeping it real quiet this morning, not going to put alot of emphasis on direction or perspective, its friday and the RNC is over, the reports are going to be lite and the day is going to be FAFO 0DTE Friday, good luck.
The ATR has increased to 6.05, but that increase is due to the downside stretch being added in form this week.
QQQ - Short SwingAfter 18 months of bull run, it is time for a solid correction. In my previous post from February 2023, I outlined my rough count and levels for the last wave up, here are my thoughts for the way down:
Assuming we go down, we will likely see last attempts of distribution and maybe another notch up. Some sellers may still need buy orders to fill. This could result in volatile days, nasty dojis, et cetera. I will short every blow off attempt given the RR.
No idea how long it takes. If it feels like an eternity, double that. Deep pockets do not care about time.
Volume has declined since the last leg up. We might see a sharp move down first, and then take it easy on the second leg. Third or last might be nasty. Nice for day traders, irrelevant swing traders.
I have looked at a lot more than you can see in charts.
My main target is 360ish (~30%). If that breaks, we might go for 336. If hell breaks lose for whatever reason, sub 300, or lower.
There will be outperformers and underperformers, like in this last leg up. Yes, AI is great however, actual value to enterprises and monetisation of it remain to be seen, and we have not even started to regulate or legislate the crap out of it.
I might be wrong; surely hope so for permabulls out there but I cannot see any bullish signs here no matter how hard I look.
Good Luck
QQQ - Make or BreakQQQ is sitting near what I consider to be the last line of defense for bulls. A break below the uptrend here would likely lead to an extended sell off. A lot of stocks and indexes are around major levels, so I think there is a lot riding on NFLX earnings today.
NFLX earnings could lead to gap down below the uptrend for QQQ, or a move all the way back up to erase this week's sell off.
QQQ the LAST RALLY is about to start target 512plus or minus 5We peaked into the cycle turn due 7/11 /7/18 and have now traced out an abc decline into today low with a HIGH VIX We should now see the last leg of the BULL from 254.5 low oct 13th spiral turn and see a minor new high from low end 504 to as high as 520 But I will look for the middle of this range 510/512 over the next 30 days I will mark this NEXT high as SUPER CYCLE TOP from oct 27 2023 and oct 13th 2022 I will look for a 11.8 to 16.2 % decline into oct 3th to oct 17th that should be a first leg down . BEST of TRADES WAVETIMER
