📉 
QQQ — Bearish Setup Forming Near Highs
Technical Confluence:
Execution Plan:
Risk View:
I’m not predicting — I’m preparing. Structure is extended, internals weakening. Staying nimble, ready for reversal or breakout invalidation.
📊 Feedback welcome
QQQ — Bearish Setup Forming Near HighsTechnical Confluence:
- Rising wedge structure into prior highs
- RSI bearish divergence (momentum fading)
- Volume steadily drying up on this recent move
- Price stalling under key resistance zone (Feb–April supply)
Execution Plan:
- I’ve tightened stops across swing positions
- Trailing a
PSQ buy order in case of wedge breakdown - Watching for a move below ~$530 for confirmation
- If triggered, downside targets:
- T1: $518 (20 EMA)
- T2: $496 (200 SMA)
- T3: $470 (gap + structural support)
Risk View:
I’m not predicting — I’m preparing. Structure is extended, internals weakening. Staying nimble, ready for reversal or breakout invalidation.
📊 Feedback welcome
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.