Invesco QQQ Trust, Series 1Viés de baixa
QQQ MACRO ANALYSIS / SUPPLY & DEMAND / SHORT / PREDICTION
DESCRIPTION: In the chart above I have provided a macro analysis of QQQ.
*IMPORTANT: Aside from SUPPLY & DEMAND POCKETS the main thing to consider is the distinct pattern we seem to have been following for the past 3 falls after rallies. Where PRICE ACTION seems to create this hook like formation before CAPITULATION takes place.
POINTS:
1. QQQ exhibits a DOWNWARD TREND on the 16Hour Timeframe.
2. Deviation of 35 POINTS TOTAL JUSTIFIES SUPPLY & DEMAND POCKET PLACEMENT.
3. Estimation of Days for upcoming drop was taken by using a mean from last three rallies and falls of 76, 79 & 58 DAYS = 71 DAYS.
4. Depth of DROP was also estimated with a mean average that came out to roughly 25%.
5. MACD IS ALSO IN CONGRUENCE WITH CURRENT CHART PATTERNS & MACD LEVELS ARE CORRECTLY POSITIONED FOR MORE DOWNSIDE.
BULLISH SCENARIO #1: We come to see a continuation of current channel & commit to sideways momentum above 260 eventually breaking past 295.
BEARISH SCENARIO #2: If hook pattern is to expire reliable we can surely bet on enough downside that will send us below 260 and onto 225 as a final destination that can serve as a more probable MARKET BOTTOM.
QQQ
TQQQ
SQQQ
*IMPORTANT: Aside from SUPPLY & DEMAND POCKETS the main thing to consider is the distinct pattern we seem to have been following for the past 3 falls after rallies. Where PRICE ACTION seems to create this hook like formation before CAPITULATION takes place.
POINTS:
1. QQQ exhibits a DOWNWARD TREND on the 16Hour Timeframe.
2. Deviation of 35 POINTS TOTAL JUSTIFIES SUPPLY & DEMAND POCKET PLACEMENT.
3. Estimation of Days for upcoming drop was taken by using a mean from last three rallies and falls of 76, 79 & 58 DAYS = 71 DAYS.
4. Depth of DROP was also estimated with a mean average that came out to roughly 25%.
5. MACD IS ALSO IN CONGRUENCE WITH CURRENT CHART PATTERNS & MACD LEVELS ARE CORRECTLY POSITIONED FOR MORE DOWNSIDE.
BULLISH SCENARIO #1: We come to see a continuation of current channel & commit to sideways momentum above 260 eventually breaking past 295.
BEARISH SCENARIO #2: If hook pattern is to expire reliable we can surely bet on enough downside that will send us below 260 and onto 225 as a final destination that can serve as a more probable MARKET BOTTOM.
QQQTQQQSQQQ
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