This might be a huge bullish butterfly that's been building up for a long time. If it is, the move out of the low would be explosive. A move of this scale would usually be news related.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 20/61.80% 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 : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
SQQQ ready to break key area ? tp 2 ( 25.87 ) is still valid ......^___^
In my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for TVC:NDQ and SP:SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below...
I'm afraid FED will do sth to save Tech section. if Hi-teck crack, the us marketing might failed to soft landing. hahaha~~ it seems that there was tricky stuff happened in the past week. I just took my gains and will keep surfing in the coming weeks
Greetings, Traders and Enthusiasts! In the ever-fluctuating world of stock trading, finding patterns and signals that defy the market norm is nothing short of striking gold. Today, we delve into the intriguing world of the ProShares UltraPro Short QQQ ETF (SQQQ), a beacon of bullishness amidst the bearish market trends. Buckle up as we unravel the mystery behind...
I also believe that SQQQ will form a new all-time low below $16.92 in Q4. Currently SQQQ is sitting directly below a resistance zone between $20.90 and $21.74, and the EMA ribbon is acting as an area of resistance. For bears that are long on SQQQ, the yellow resistance zone is a key price target and the next key price target on the way up is $29.19.
ProShares UltraPro Short QQQ NASDAQ ============================ ProShares UltraPro Short QQQ NASDAQ
hi Traders Let's have a look at SQQQ daily chart. SQQQ was in a long-term downtrend but now SQQQ is looking interesting agian. We can observe the higher low structure which shows the accumulation. The trend has a chance to reverse from here and this is the area were longs may be taken. Mid- term target for longs: 28$ -31,48$ Do you agree?
The SQQQ has given us PPO Confirmation at a potential 1.414 Bullish Butterfly PCZ and has topped it off with MACD Hidden Bullish Divergence. If we are to see the QQQ pull back 50-65% then the SQQQ should go up about 100-200% from here, though I may end up just targeting $32 depending on how fast it goes.
On the daily chart SQQQ broke out of downtrend! Retest looks completed! Heading north from here!
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 114/61.80% 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 : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
Long NASDAQ:SQQQ is my trade idea. This beauty has been setting up nicely since last couple of weeks and it seems ready to move up.
I entered long SQQQ pre market at $18.55 Having a hedge placed in the event a pullback occurs soon. Good Luck
SQQQ could reverse from here ? 1.double divergence 2. TQQQ target hit and could pull back 3. PRZ zone with tight stop loss
SQQQ Long for Premarket expecting a good day Call options X50 $ 18 exp 7/14