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TQQQ trade ideas

TQQQ , Countertrend Long This is a countertrend trade that I took today around an hour before close . Some points : Hammer that has above average volume is a potential bottom , its wick is a good indicator of support ... I used it vs stop Todays bullish engulphing shows more potential reversal signs I also see a potential double bottom lower low major trend reversal set up that is also a second entry long on a longer time frame . It is also a range though. And a downtrend on daily . Trade managemnt will be as follows: 1)Sell 1/4 at 1R adjust stop to half risk on balance . 2)Sell 1/4 at 2R adjust stop to entry 3)Then try to run the balance but Sell rest on a close below 10/21 emas . Might sell a tiny bit prior if we get over extrended from ma's too , my just because clause ... Ps :On the road so using a white background for ideas because it's easier to load I find on my phones , which I'm using to manage TV and orders while I'm away ... Entry 28.58 Stop vs low of hammer . 24.79 initial PT 32.18
NASDAQ:TQQQLong
by NAK1987
hourly picture still bullish, but not ruling out daily reversalthe hourly picture for the nasdaq is looking like weve managed to hold some support over a daily neckline. if that necklline is threatened, id imagine we are revisiting that lower level soon. if we break it- look out below as a close beneath $31 will probably dictate 29.24 or lower. if we manage to hang on to this daily uptrend and close above the 33 mark i would imagine were challenging 35. 32.97 remains where that flatlining TRAMA lies at the moment. choppy action trading in this range has been hard to swallow for a lot of swing traders who were hoping for a breakout, or trying to catch consolidation to the downisde. it has also been bearish for volatility however, and this could revive the bounce if we see a breakdown in vix soon.
NASDAQ:TQQQLong
by cerealpatterns
TQQQ Wants to "Get up!" the Charts Like James Brown's "Get Up" TQQQ Wants to "Get up!" the Charts Like James Brown's "Get Up" Patterns Identified- Double Bottom and Falling Wedge. Both patterns show on the weekly, daily and four hour timeframes! Day Low- 31.76 (This is where the double bottom rests) 9MA recently crossed above the 21 MA on the daily timeframe. Therefore, I am bullish on TQQQ and prepared to dance to "Get Up" like JB if my analysis proves true. I will enter a swing position for a move to the upside AFTER after a break above 33.49. "Get Up!", MrALtrades00
NASDAQ:TQQQLong
by MrALtrades00
a long running trend that may changesince the top in december trama has crossed below vwma, and both have continued down together. the rare times they have diverged bullishly and rose together have been short lived. if things are going to be different this time the trend has to abruptly change. if we get a higher low compared to 27 and we break 33 i would shoot for 40 region. this rally is for profit taking unless we continue immediately over potential neckline or if we double bottom, or bounce off of 27 region, or continue immediately over 33. return to short if we close below 24.
NASDAQ:TQQQLong
by cerealpatterns
Support and Resistance BandsThis is my daily analysis of support and resistance based on daily highs/low trends, and overnight highs and lows, and daily double bottoms. I look for the day to bounce around any of these line, and then look for a breakout. If I have a positive movement towards one of the resistance lines confirmed with ADX, SAR, and RSI then I will buy and sell at point of resistance. I will then look for a breakout at that resistance, or a retracements, waiting for confirmation and confluence before reentering the trade.
NASDAQ:TQQQ
by dratzlogic