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Invesco QQQ Trust Series IInvesco QQQ Trust Series IInvesco QQQ Trust Series I

Invesco QQQ Trust Series I

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QQQ trade ideas

QQQ "Catch-up" Potential for Bullish ContinuationThis chart is a strong cup & handle breakout, pending confirmation above $600 If confirmed then target $633-$646 1. The double top (bearish) is only valid if price fails $600 & reverses sharply 2. Healthy bull trend with consolidation at resistance Ascending triangle is tightening under $600, ready for breakout Cup & handle is a longer-term bullish continuation pattern The chart is shifting from a topping risk into a potential breakout setup, but $600 must prove itself; either, as a ceiling (rejection) or a launchpad (breakout) The cup & handle is the more dominant pattern because the handle was shallow & orderly & price is retesting the neckline directly instead of rolling over, but the double top risk only disappears if QQQ decisively clears $600 with volume Above $600 with strength = breakout Rejection under $600 with bearish candles = double top still alive Neutral small candles = consolidation, wait for direction The candles suggest bullish consolidation under resistance If NVDA joins, it could be the catalyst to print the breakout candle above $600 Why NVDA isn’t leading today? Regulatory uncertainty/negative news spillover (from China restrictions) is creating hesitation among investors (future headwinds weigh on sentiment) NVDA has had a very strong run recently so some traders are likely booking profits or rotating into other names perceived to have higher recent upside or less regulatory risk Lower volume suggests weaker conviction among buyers NVDA seems to be bumping up against resistance or nearing levels where sellers are more active so without a catalyst (positive news or breakout), it may just drift until something shifts Also, since other tech/AI/semiconductor names may have more “catch-up” potential, capital might be rotating out of NVDA into them
NASDAQ:QQQ
by pakoumal
QQQ (12 September)QQQ ($586.66) is pressing against the upper +/-3% envelope band (~$591) Overbought relative to the 20d SMA, often an area where price pauses or pulls back The MA at $574.33 acts as mean reversion support The lower envelope ($557) would be the deeper support if selling picks up Fade moves at the outer bands (sell near +3%, buy near -3%) or trade trend continuation if price closes & holds above the +3% envelope Since early September, each pullback bottomed higher, confirming an uptrend continuation Last few candles are mostly green with higher closes, showing buyers are in control Current candle is a strong green pushing into the upper envelope band (+3%), which shows momentum & demand Recent candles have short upper wicks, meaning buyers closed near the highs, which is bullish QQQ broke out from a sideways consolidation (around $570–$580) & is now trending higher No bearish reversal signals - no shooting stars, bearish engulfings, or dojis near the highs If QQQ closes strong above the envelope, momentum breakout, bullish continuation Price is extended into the +3% envelope, which historically acts as resistance or a mean reversion point If next week’s candles print a long upper wick (rejection) or a red engulfing candle, that could signal short-term exhaustion Watch for reversal signals at this extended level; otherwise, trend is intact to the upside If QQQ prints a shooting star or bearish engulfing, likely short-term pullback toward the moving average ($574) If these appear, it means the uptrend is likely to continue higher, 1. Bullish Marubozu (long green candle with no or tiny wicks Shows buyers in full control, often signals strong follow-through 2. Bullish Engulfing A green candle that completely engulfs the body of the previous red candle Strong buying reversal signal after a dip 3. Three White Soldiers Three consecutive green candles, each opening higher than the last Very strong trend continuation signal 4. Gap up & hold Next day opens above the prior high & holds Momentum traders often chase this pattern If these appear near the envelope top, caution is warranted, 1. Shooting Star Small body, long upper wick, closes near the low Shows buyers pushed up, but sellers took back control 2. Bearish Engulfing A big red candle that fully engulfs the prior green candle Signals shift from buyers to sellers 3. Evening Star Three candles strong green - indecision (doji/small body) - strong red Very reliable top-reversal signal 4. Gravestone Doji Open, high & close all at the same level (long upper wick) Clear rejection of higher prices
NASDAQ:QQQ
by pakoumal
QQQ Market Context – Where We StandQQQ has been grinding higher and is now pressing into a major resistance cluster at $590–$595. This is not just a random line in the sand — it’s a confluence of long-term channel resistance (weekly chart red lines) and short-term supply zones (15m chart). Whenever price tests a heavy resistance cluster like this, the risk/reward equation shifts: upside potential shrinks while downside risk expands. That doesn’t mean the uptrend is broken, but it does mean chasing longs up here is dangerous. Smart money tends to lighten up at resistance and reload lower. Weekly structure: QQQ is still in a broad uptrend channel. Pullbacks into green support lines have consistently been bought. Trading Scenarios 🔴 Bearish Reversal (High-Probability Play) Look for QQQ to stall between $590–$595. Watch for reversal patterns (double tops, bearish engulfing, lower highs on 15m). Shorts here offer defined risk/reward: Stops just above $600, downside targets at $580 → $574.
NASDAQ:QQQShort
by GoldenTraderz_2025
1
QQQ Breakout vs BreakdownQQQ is flashing both a potential double top & a rising wedge, which are closely related bearish setups 1. Double Top (Top 1 & Top 2 around $583) Price hits the same high twice, fails to break through, then rolls over Not confirmed until QQQ closes below the “neckline” ($574–$575) If confirmed, projected drop is the height of the pattern (~24 pts) for a target of $560 2. Rising Wedge Higher highs + higher lows, but slope is narrowing QQQ’s recent grind into $583 fits this pattern since momentum is slowing as buyers lose control Rising wedges tend to break down ~70% of the time, especially near major resistance Break below the wedge lower bound ($574–$575) would align with the double top neckline break Bull vs Bear Scenarios If QQQ breaks above $586–$587 with volume, it invalidates both bearish patterns That would trigger continuation to $600 Close below $574–$575 neckline confirms the double top & wedge breakdown Right now QQQ is “coiled” in a rising wedge into resistance with a double top risk Bulls must clear $586+ to avoid the trap Bears gain control if $574 fails, unlocking gap-fill downside
NASDAQ:QQQ
by pakoumal
2
QQQ Grind-Up, Not Power-UpA gap occurs when the price opens significantly higher or lower than the prior close, leaving an empty space on the chart 1. Common Gap Small, often within a range Usually filled quickly (price comes back to close the gap) 2. Breakaway Gap Happens at the start of a new trend (up or down) Price usually does not fill quickly because it’s breaking out of a consolidation zone 3. Runaway / Continuation Gap Occurs in the middle of a strong trend Reinforces momentum, shows buyers/sellers rushing in 4. Exhaustion Gap Appears near the end of a move Often followed by reversal once the last buyers/sellers have entered Many gaps get “filled” (price trades back through the open-close range) Notice the jump candles where price leaps higher without overlapping prior highs Those are mini-breakaway gaps on smaller timeframes Larger daily gaps (from overnight futures) show up around major inflection points (~$540 or ~$500 in past months) often get retested Gap up into resistance - fade (short-term sell bias) Gap up out of consolidation - trend continuation Gap down into support - bounce potential Gap down breaking major support - momentum short A big distance between prior close and next open (think 2%+ in QQQ, which is large for an index ETF) suggests a strong imbalance between buyers/sellers (news, macro shock, earnings, Fed, etc) & are often trend-driving (market re-prices & continues in that direction - breakaway or exhaustion) Traders treat wide gaps as structural levels (price can revisit them weeks/months later) The big shaded area in April/May around $450–$500 are wide gaps that anchor market structure Small difference between close & next open (<1% in QQQ) are common gaps that occur more often & tend to get filled quickly (1–5 sessions) Momentum traders don’t put much weight on them since they’re more noise than regime change The small shaded areas around $560–$565 are narrow gaps which often act like magnets for price (easy “gap-fill” trades) 1. Wide Gaps are macro anchor levels They define “areas of importance” where institutions re-priced risk If price revisits then expect strong reaction (support or resistance) The wider gaps ($540s, $500s) are less likely to fill immediately, but if momentum cracks, they’re where the market would re-price 2. Narrow Gaps are short-term magnets They get filled often and quickly. More useful for tactical swing or intraday trading The narrow gap at $560–$565 suggests that if bulls fail at $580, this is the first “magnet” downside target QQQ grinding against ATHs while narrow gaps remain unfilled shows momentum strength Market is ignoring short-term inefficiencies because buyers are in control If $580–$581 rejection holds, sellers will target the nearest narrow gaps first ($560–$565) Only if weakness compounds do we start eyeing the wider gaps lower ($540s to the $500s) The curved trend line is the line in the sand Above = momentum grind Below = unwind toward gap fills This symmetry is powerful since markets often move in measured waves If history repeats, the next breakout could target another +35 pts from the last base ($560–$565) That projects into $595–$600, aligning with psychological round-number resistance Equal legs can also signal a completed measured move If momentum fails at $580–$581, this may be a double top, meaning trend is stretched In that case, downside would first target gap at $560–$565 & possibly the $532 wide gap if the trend breaks QQQ has rallied in 2 near-perfect measured moves of ~35 pts A third move could carry it to $595–$600, but failing here suggests exhaustion The trend + gaps below tell us exactly where risk opens if $580 rejection plays out 1. March–May (early rally leg) Strong expansion in volume on the breakout from the base Classic sign of institutional accumulation 2. June–July (second impulse leg) Price kept making higher highs, but volume gradually tapered off That’s a hallmark of momentum continuation without fresh conviction It doesn’t kill the trend, but it does mean rallies are carried more by buyers stepping in on dips; rather than, aggressive new buying 3. August–September (near ATHs) Volume remains muted during the grind into $580–$581 resistance Price has lifted, but not on strong participation Suggests buyers are cautious & sellers haven’t pressed yet either ( a “low energy” standoff ) R ising price + rising volume = strong trend Rising price + falling volume = weak trend (risk of stall) Falling price + rising volume = strong distribution Falling price + falling volume = normal pullback (trend intact) The grind into $580 looks more like rising price + flat/weak volume That tilts toward caution - bulls need a volume expansion to confirm breakout; otherwise, the market risks a “measured move exhaustion” & reverts to filling nearby gaps The first leg (April–May) with big green volume spikes shows strong conviction, but the second leg (June–July) shows price rose on lighter, declining volume, continuation, but less conviction, while the current leg (August–September) shows muted volume while pressing ATHs This is rising price + flat/weak volume, a classic “grind-up” pattern It works until it doesn’t - meaning breakouts need fresh volume expansion to hold QQQ’s last two impulse legs were ~35 pts - the current one is tracing the same path Volume, however, is lighter than on the first rally (momentum continuation, but less conviction) Breakout needs volume confirmation; otherwise, expect symmetry to mark exhaustion & pullback toward gaps RSI pushed into overbought (70+) multiple times RSI is trending upward again, but still below prior peaks (~65 vs 70+) Shows positive momentum, but not full-strength RSI holding above 50 is bullish, but failure to reach overbought on a breakout attempt would be a warning of exhaustion Volume is muted & RSI is rising, but not overbought yet It means the breakout is vulnerable without a volume surge & RSI follow-through RSI confirms buyers are pushing, but momentum is weaker than in the first impulse Breakout with RSI >70 is fuel to $595–$600; breakout with RSI divergence is likely a bull trap
NASDAQ:QQQ
by pakoumal
2
QQQ Nearing wave (3) Termination at 589The short-term Elliott Wave analysis for the Nasdaq 100 Index ETF (QQQ) indicates it is approaching the completion of wave (3) from its April 2025 low. This wave (3) unfolds as a five-wave impulse structure. Wave 1 concluded at 467.83, followed by a wave 2 pullback to 427.93. Subsequently, wave 3 surged to 583.32, and wave 4 retraced to 558.84, as illustrated in the 45-minute chart. Currently, wave 5 is developing as a diagonal pattern. From the wave 4 low, wave ((i)) peaked at 578, with wave ((ii)) dipping to 559.53. Wave ((iii)) then climbed to 581.12, followed by a wave ((iv)) pullback to 571.53. As long as the ETF remains above 559.53, it is poised to extend higher in wave ((v)) of 5, which should also finalize wave (3) on a higher degree. The potential target for wave 5 lies between 589 and 598, calculated using the 123.6% to 161.8% inverse Fibonacci retracement of wave 4. This analysis suggests a bullish near-term outlook for QQQ, with the ETF likely to reach the projected range before completing wave (3). Traders should monitor the 559.53 support level to confirm the continuation of this upward move. The structure remains intact, supporting further gains in the short term.
NASDAQ:QQQ
by Elliottwave-Forecast
QQQ Today’s Rally ≠ Bullish BreakoutToday’s rally into resistance doesn’t cancel the bearish structure - it just tested the ceiling again, like the ball bouncing off the ceiling one more time Price bounced, yes, but it stopped right at the descending trendline and supply zone Until QQQ clears $577–$580 on volume, this is just another lower high RSI still under 60 on the daily MACD still bearish crossover Bearish setups need bounces since sellers actually want rallies into supply Today’s move just brought price back to the spot where bears previously took control The deciding factor is whether tomorrow’s NFP release causes a breakout above $580 (bullish) or a breakdown below $562 (bearish) Descending triangles usually resolve downward (break of the flat base) A clean daily close <$562 would trigger measured move targets Until $562 breaks on volume, it’s still just compression Sometimes triangles fake down, trap shorts & rip higher (especially with macro catalysts like NFP) If $576 rejects, short to $562–$558 If $577–$580 breaks (bulls win), step aside or flip long toward $583+ The Fib retracements line up neatly, 50% = $571.39 61.8% = $568.59 (sits right inside that shaded demand area) 78.6% = $564.61 & 82.6% = $563.67 (exactly where buyers defended) 100% = $559.54 This layering creates a ladder of potential supports, but also a measured path for shorts The 1, 2 & 3 path into $559–$560 matches the 100% extension of the prior move This is where measured move & Fibonacci confluence meet Bears could take profit on the way down at $568.5 to $564.5 & $560 If $559 breaks with volume, extension opens toward $547 (200d SMA) which would be the larger “unwinding” target Invalidation is simple, if daily close >$577–$580 trendline While in-play, each Fib level gives you a chance to trail stops down Trendline + Supply Zone + Symmetry + Fibonacci = high-probability short setup Price = supply zone/descending trendline RSI = overbought on the 15m & below the midline slope & capped under 60 on the daily That’s a sign of weak momentum - each bounce fizzles out earlier The RSI trendline itself is descending, which mirrors price MACD = potentially topping on the 15m & still bearish crossover on the daily with it's histogram contracting slightly, so momentum is still in bear mode, with only a weak attempt at recovery Momentum: RSI + MACD both confirm sellers are in control of the bigger picture If NFP or another catalyst sends QQQ through $577–$580, watch for RSI breaking above 60 (momentum shift) & MACD histogram flipping positive with a bullish cross That would negate the bearish triangle & turn this into a breakout squeeze toward $583+
NASDAQ:QQQ
by pakoumal
1
QQQ Market Preview for Monday, September 8Price Action & Market Structure * QQQ is trading around 577.7, stabilizing after a sharp morning dip toward 569.0 and a bounce back. * Price is now consolidating between 576–578, showing indecision after recovering. * Structure remains bullish above 576 HVL support, but bears will try to push it back toward 572–569 if that zone breaks. Key Levels * Resistance (Upside Caps): * 578–580 → Immediate resistance / Gamma Wall. * 582–583 → Next resistance cluster. * Support (Downside Floors): * 576 HVL → Key pivot support. * 575–572 → Minor Put support zone. * 569.0 → Strong support (recent low). * 567 → Deeper Put Wall support. Options Sentiment (GEX & IV) * GEX: Bearishly skewed with Puts at 86.6%, suggesting hedging flows lean downside. * IVR: 14.3, moderate but not extreme, showing some expected volatility. * Gamma Walls: * 580 = Major Call Resistance. * 576 HVL = Key balance level. * 572 / 569 = Put-heavy support. Indicators * MACD (15m): Rolling over after bounce, showing fading short-term momentum. * Stoch RSI: Near oversold after pullback → could allow another push higher if 576 holds. Scenarios for Today Bullish Case (if 576 holds): * Hold above 576 HVL, reclaim 578–580. * Targets: 582–583 Gamma Wall zone. Bearish Case (if 576 breaks): * Drop back to 575–572 zone. * If weakness persists → test 569.0, deeper downside toward 567. Trading Thoughts * Longs: Favor dip entries at 576–575 with bounce confirmation, targeting 580–582. * Shorts: Fade rejection at 578–580, stops above 582.5. * Stops: * Longs → below 572.0. * Shorts → above 582.5. Summary QQQ sits at a key balance zone (576 HVL). If support holds, bulls can push back to 580–582, but heavy Put exposure plus resistance at 580 may cap upside. A break below 576 flips bias bearish, targeting 572–569. Options sentiment is defensive, suggesting upside will be a grind unless bulls take control early. ⚠️ This analysis is for educational purposes only, not financial advice. Always manage risk carefully.
NASDAQ:QQQ
by BullBearInsights
QQQ Macro + Technical for QQQMacro supports the bullish continuation case ($600–$630), unless $568 breaks & macro data worsens Fed pivoting dovish, disinflation holding, AI-driven earnings resilience & strong liquidity High valuations, crowded positioning & possible macro shocks (yields spiking, geopolitics) The $568 neckline & $583 breakout line up with the macro inflection Fed easing cycle starting is bullish fuel if neckline holds Any surprise inflation/yield spike results in a neckline break, correction to $550 Next 2–3 Weeks 1.Bullish Breakout $583 to $600–$616 (50%) Supported by Fed pivot + earnings resilience 2. Bearish Breakdown $568 to $550–$537 (35%) Triggered by yields/inflation surprise or positioning unwind 3. Chop/Range ($568–$583) (15%) Market waiting on Fed September decision Macro + techs both say trend up until proven otherwise $568 = line in the sand, if it breaks, macro headwinds (yields, inflation) must be the culprit $583 breakout would be macro + technical alignment = high conviction run to $600+
NASDAQ:QQQ
by pakoumal
QQQ Bearish Reversal vs Bullish ContinuationQQQ broke out of a huge consolidation box (2024 into early 2025) That breakout projected a measured move of ~144 points (26%–36%), targeting $600–$630 Price indeed advanced strongly toward that zone before stalling 1. Bearish Case (head & shoulders or double top plays out) Breakdown below $568 with a target of $550, then maybe ~$537 (S2 pivot) if selling accelerates That’s about a 4%–5% correction, which is normal within an uptrend Double top is the cleaner, simpler read on this chart Head & shoulders is more complex and requires symmetry, which isn’t perfect here Both patterns target almost the same zone (~$550–$553), but the double top is easier to defend technically 2. Bullish Case (breakout resumes) Hold $568, reclaim $583–$585 & push into $600 (R2) Full measured move already points to $616–$633 longer term (R3–R4) Probabilities (with macro context) Continuation (push to $600–$616) @ 50% Correction ($568 break to $550–$537) @ 40% Extended chop ($568–$583 range) @ 10% The breakout from that massive 2024–2025 range still dominates the chart & trend is up until $568 fails The local Head & shoulders/double top is a warning sign, but not a confirmed reversal yet The market is essentially asking, do we consolidate near highs before another leg up, or do we shake out to $550 first?
NASDAQ:QQQ
by pakoumal
QQQ (5 September)The slope of the lines matters for pattern bias Sloping slightly down from $583 to $580 Holding flat around $563–$565 That shape is actually closer to a descending triangle Bearish continuation if support breaks But here’s the nuance, Descending triangles typically form after a downtrend, as continuation QQQ is in a strong uptrend, so even if the geometry looks bearish, context says bulls still have an edge In uptrends, these patterns can fail bearishly & instead resolve higher, especially if support keeps holding So the pattern could be read 2 ways, Descending triangle with support at $563 breaks = $545–$550 A coiling consolidation under resistance, which still may resolve upward given the broader trend The key difference will be whether $563 breaks down or holds Bearish breakdown (descending triangle plays out) at 35% because the macro trend is up since April & bulls usually defend support zones first, but if $563 breaks with volume, bears gain momentum quickly Bullish breakout (uptrend prevails) at 50% because of the broader uptrend + strong dip buying since April Each rejection at $580 has been shallow, showing underlying demand Price keeps oscillating between $563–$580 for another week at 15% in the short run, but if it drags on too long, the eventual breakout becomes stronger
NASDAQ:QQQ
by pakoumal
9/4/25 - $qqq - How i'm positioned ep 39/4/25 :: VROCKSTAR :: NASDAQ:QQQ How i'm positioned ep 3 - it's hard not to notice the q's and the spy's are about 50 bps away from a gap fill - while i'm a strong believer in the efficient market hypothesis (lol - i'm kidding), with googl's timely headline driving risk higher, today's whatever bid getting bid and "rate cuts" as a known known driving "narrative" bid... it all just feels so roll-over-y - lulu tn just basically confirms... besides having ms sweeney providing green dillys across basement dwelling "portfolios"... the consumer is, has been, and will be cooked like a road kill goose... and rate cuts won't help - even my NYSE:ONON feels like something i need to manage more lightly. - it. is. just. hard. to. own. anything. so i just took down risk a lot. i'm about 30% cash. tempted to get to 35 or 40% - still packing a solid 55% obtc, but well hedged w/ ibit puts (as i've described) - onon leaps at 5% at 3-1 (but honestly it's probably too big) - smlr to play the mstr headline, but it's honestly just an obtc/ mnav arb exercise w/ shorter term triggers and allows me to keep risk on exposure to btc while managing cash - nxt still a staple, but it's only 5% of the portfolio at 2-1 leverage (so 10% gross). feels like the only one i have confidence in, but it's performed lol. *don't cut winners, V* so i draw out some tea leaves green lines not as a prediction but as a thesis for what i think could be a path given liquidity constraints and how rate cuts won't immediately help this. the memes are bearish divergence all over. correlation 1. these things v likely to trigger leverage liquidations all over on the way down. i think funds might be (and should be) willing to short these too which could amplify the tape. this all just feels like we're in a seasonal wtf is going on. hard to own anything, even btc unhedged. 20% ytd and always above 0% still feels "good" but has been too much lift and the juice for the squeeze is like hitting a hawt gurl pilates after hour passion project establishment in LA... $20 bucks for the instagram photo. too many ppl posting PnL gainz is exhausting and a sign. all i'm saying is... make sure you know what you own. you are taking note of all the strangeness around. acknowledge liquidity conditions are not loose and rate cuts won't immediately help (rates are high! people are cooked! we need rates to BURN to really boost liquidity). finally. remember - bankers like to pay themselves one more time into YE. don't become their exit liquidity here and also their source of assets toward the dippity do dah. hand sitting feels smart. V
NASDAQ:QQQShort
by VROCKSTAR
QQQ Potential Bearish ResolutionOn the larger timeframe, the overall structure is a bear flag off the bigger down-move, much better than the earlier wedge attempt If QQQ were forming a wedge, price would be swinging wider with higher highs & lower lows, like a volatility burst after sideways action This leans bearish (because of the descending highs & flat-ish support), but the final signal will be whichever side breaks with volume The consolidation isn’t bullish (yet) because it’s drifting against the prior impulse down It's a bull flag nested inside a bigger bear flag It's a setup that needs confirmation, so bullish in theory, but the market still has to “vote” with price + volume If you view the current consolidation as a bull flag, you’re keying off the last impulse up ($559-$572) If you view it as a bear flag, you’re keying off the last dominant leg down ($583-$559) That last green bar is encouraging for bulls, but overall the consolidation volume looks like it’s contracting (fits both a flag & a bear retrace) The decisive clue will be whether volume expands on the breakout/breakdown Puts Watch for rejection at $571 with fading volume Calls Watch for strong volume push above $572, targeting ~$578 1. Volume Buyers came in strong on the last green bar, but for a sustained push through $571, should see rising buy volume 2. Structure If price fails at $571 & volume fades, it could roll over to test $565-$560 If buyers push cleanly above $572 with conviction, then the upper gap $574–$578 comes into play as the next target If sellers defend $571 again, odds favor a breakdown toward $560 If volume surges & $571 breaks, bulls have a clean magnet up to $578–$582
NASDAQ:QQQ
by pakoumal
2
QQQ Stock Chart Fibonacci Analysis 090325Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 570/61.80% Chart time frame:B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress:B A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find an entry-level position. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of the slingshot pattern. When the current price goes over the 61.80% level, that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, TradingView provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with the fibonacci6180 technique, your reading skill of to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low points of rising stocks. If you prefer long-term range trading, you can set the time frame to 1 hr or 1 day
NASDAQ:QQQ
by fibonacci6180