"My 5 year plan for NASDAQ's ETQ (QQQ)" Update:
Nasdaq's ETF
QQQ, has a historic support on the weekly 200 Moving average (MA) as shown as the dark blue line-indicator. I will do a brief TA breakdown of the indicators, charting & future steps.
At point (A), we visualize the start of a zone-block & trendline rejection zones, which will later become a breakout point and wick support on point (B) in pair with a 200 MA indicator support zone. Now at point (B), we also see the same 200 MA indicator support zone, followed by a previous support zone-block visualized by a left arrow. Finally on point (C), we observe price action find support at point A's zone-block & MA zone, after rejection by 50 MA.
What to expect:
After APR 25, we see bullish price action and can expect to hit 'target', calculated by FIB retracements. We are visualizing this chart to foresee bearish price action that will trigger buy-limits at both buy zones (555.60-493.80), with a trailing stop-loss at 388.00, being activated at 400.00-407.00 zone-block.
Indicators & Tools: 200 & 50 SMA, FIB RETRACEMENT (-0.618, -27, 0, 0.5, 0.618, 0.786, 1), rectangle (support/resistance/buy-zone) & trendline.
Below is the link to the original idea.
https://www.tradingview.com/chart/QQQ/IC1tQnSq-My-5-year-plan-for-NASDAQ-s-ETF-QQQ/
Nasdaq's ETF
QQQ, has a historic support on the weekly 200 Moving average (MA) as shown as the dark blue line-indicator. I will do a brief TA breakdown of the indicators, charting & future steps. At point (A), we visualize the start of a zone-block & trendline rejection zones, which will later become a breakout point and wick support on point (B) in pair with a 200 MA indicator support zone. Now at point (B), we also see the same 200 MA indicator support zone, followed by a previous support zone-block visualized by a left arrow. Finally on point (C), we observe price action find support at point A's zone-block & MA zone, after rejection by 50 MA.
What to expect:
After APR 25, we see bullish price action and can expect to hit 'target', calculated by FIB retracements. We are visualizing this chart to foresee bearish price action that will trigger buy-limits at both buy zones (555.60-493.80), with a trailing stop-loss at 388.00, being activated at 400.00-407.00 zone-block.
Indicators & Tools: 200 & 50 SMA, FIB RETRACEMENT (-0.618, -27, 0, 0.5, 0.618, 0.786, 1), rectangle (support/resistance/buy-zone) & trendline.
Below is the link to the original idea.
https://www.tradingview.com/chart/QQQ/IC1tQnSq-My-5-year-plan-for-NASDAQ-s-ETF-QQQ/
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.