the detail is shown in the above Chart. I made this Idea based on Golden Level in Fibonacci tools together harmonic patterns.
Say BYE To Sellers Bear.
Say Hello to Buyers Bull riding the Golden Shark.
Good Luck SEYED.
Comment
⋅
LEVEL 1.27 AND 1.618 are Target of 🦈 buyers shark.
Trade closed: target reached
⋅
BEARISH trend started (minor correction )
Comment
⋅
Support Level 382 Strong Support Level 373
Comment
⋅
QQQ Touched First Support Level
QQQ Shark Needs more Resting before than Rising more. Buyers Jumping Bounce Board at 373.
Comment
⋅
Bearish Crab pattern will start at 407
Comment
⋅
bearish crab has started. candles pattern in next days define final target of crab.
Comment
⋅
The QQQ Crab is prepared to rise even higher
Comment
⋅
"Feeling exhausted and in need of rest? Crab need help at times, just like a crab finding comfort and protection with a shark. Take inspiration from nature and establish your own support system to recharge and revitalize.
a bearish shark pattern started
Comment
⋅
It's important to pay attention to the candlestick patterns as they can provide valuable insights into the market sentiment and potential price movements. While it may be less likely for TP2 to be affected, it's still important to closely monitor the candlestick patterns to Define the sellers' target and make informed trading decisions.
Equities are now fairly overbought on short to medium term due to the recent rally that was triggered and fueled by very basic technicals and market mechanics of CTA positioning. Now that most market participants are on the long side of the trade downside price movement is much more likely than continued upside especially considering institutional repositioning that is typical of every December I would expect a correction in equity prices to manifest between now and the last week of December when we may see a brief relief rally
Nvidia earnings popped qqq right back into uptrend channel. qqq target hitting 444.1-445 before more significant 5%-7% pullback that brings to 413.85-421 depending on how deep. Will happen between march-april-may
stewie795
⋅
From order flow and volume and the channel from qqq 345, it seems qqq could pop to 435-440 (MAX 445) before any significant pullback. Then 10% drop is $400 from the max. There are NO negative catalysts to start a significant pullback. The market will not pullback easily just because it went up quickly.
stewie795
⋅
@stewie795, knew it just broke the 430 ceiling 435-440 confirmed.