📊 QQQ Technical Outlook – Symmetrical Triangle After Pullback
Ticker: QQQ (Invesco Nasdaq-100 ETF)
Timeframe: 30-minute candles
🔍 Current Setup
QQQ has been in a strong uptrend since June, peaking around ~582 before pulling back. Price is now consolidating into a symmetrical triangle, with:
Descending resistance: from ~582 down toward current ~572.
Ascending support: from June lows, now near 563–565.
Current price: ~572, sitting right near the apex.
This structure suggests compression ahead of a breakout move.
📊 Breakout Levels
🚀 Upside (Bullish Scenario)
Trigger: Break and close above 575–577.
Intermediate Targets:
582–585 → Prior highs.
590 → Extension zone.
Measured Move Target: ~600 (triangle height projection).
🔻 Downside (Bearish Scenario)
Trigger: Break below 565, with confirmation under 563.
Intermediate Supports:
555–552 → First demand zone.
540–542 → Stronger support.
Measured Move Target: ~545 (triangle height projection downward).
📈 Volume Analysis
Volume has contracted during this triangle — classic consolidation behavior.
Expect a volume expansion to confirm the breakout direction.
⚖️ Probability Bias
The trend into the pattern was bullish, favoring continuation higher.
Still, failure to defend 565 could quickly open downside risk toward 552–545.
✅ Takeaway
QQQ is at a major decision point inside a symmetrical triangle:
Bullish Break > 577: Targets 582 → 590 → 600
Bearish Break < 565: Targets 555 → 545
Ticker: QQQ (Invesco Nasdaq-100 ETF)
Timeframe: 30-minute candles
🔍 Current Setup
QQQ has been in a strong uptrend since June, peaking around ~582 before pulling back. Price is now consolidating into a symmetrical triangle, with:
Descending resistance: from ~582 down toward current ~572.
Ascending support: from June lows, now near 563–565.
Current price: ~572, sitting right near the apex.
This structure suggests compression ahead of a breakout move.
📊 Breakout Levels
🚀 Upside (Bullish Scenario)
Trigger: Break and close above 575–577.
Intermediate Targets:
582–585 → Prior highs.
590 → Extension zone.
Measured Move Target: ~600 (triangle height projection).
🔻 Downside (Bearish Scenario)
Trigger: Break below 565, with confirmation under 563.
Intermediate Supports:
555–552 → First demand zone.
540–542 → Stronger support.
Measured Move Target: ~545 (triangle height projection downward).
📈 Volume Analysis
Volume has contracted during this triangle — classic consolidation behavior.
Expect a volume expansion to confirm the breakout direction.
⚖️ Probability Bias
The trend into the pattern was bullish, favoring continuation higher.
Still, failure to defend 565 could quickly open downside risk toward 552–545.
✅ Takeaway
QQQ is at a major decision point inside a symmetrical triangle:
Bullish Break > 577: Targets 582 → 590 → 600
Bearish Break < 565: Targets 555 → 545
Giao dịch đang hoạt động
HUGE WIN TO $590
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.