TQQQ 30-min Chart
Classic textbook move — 5-wave dump, corrective ABC grind, RSI divergence, and now we’re gunnin’ for that sweet Wave (3) explosion. Bulls sniped the bottom like sharpshooters at \$82–83. Strap in — this one’s cookin’ for a breakout!
### 🟩 **Demand Zone (Reversal Area)**
* Strong **demand zone** between **\$82.40 – \$83.75**, confirmed by previous price reactions and RSI divergence.
* Price reacted perfectly at this demand zone, tagging bottom at **\$81.82**.
### 🟥 **Supply Zone (Target Area)**
* Initial resistance/supply around **\$93.30 – \$94.00** — end of Wave (1) structure and prior sell-off zone.
### 🧾 **Trade Setup (Long)**
* **Entry:** \$84.06 (already triggered)
* **Stop Loss:** \$81.82 (beneath the low of Wave (2))
* **Take Profit:** \$93.30 (top of Wave (1) — valid for Wave (3) rally)
* **Risk/Reward:** \~**1:3.3** (Solid R\:R setup)
*“The goal of a successful trader is to make the best trades. Money is secondary.”* — Alexander Elder
### ⚠️ **Disclaimer**
This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly. Trade safe! 💼📉
Classic textbook move — 5-wave dump, corrective ABC grind, RSI divergence, and now we’re gunnin’ for that sweet Wave (3) explosion. Bulls sniped the bottom like sharpshooters at \$82–83. Strap in — this one’s cookin’ for a breakout!
### 🟩 **Demand Zone (Reversal Area)**
* Strong **demand zone** between **\$82.40 – \$83.75**, confirmed by previous price reactions and RSI divergence.
* Price reacted perfectly at this demand zone, tagging bottom at **\$81.82**.
### 🟥 **Supply Zone (Target Area)**
* Initial resistance/supply around **\$93.30 – \$94.00** — end of Wave (1) structure and prior sell-off zone.
### 🧾 **Trade Setup (Long)**
* **Entry:** \$84.06 (already triggered)
* **Stop Loss:** \$81.82 (beneath the low of Wave (2))
* **Take Profit:** \$93.30 (top of Wave (1) — valid for Wave (3) rally)
* **Risk/Reward:** \~**1:3.3** (Solid R\:R setup)
*“The goal of a successful trader is to make the best trades. Money is secondary.”* — Alexander Elder
### ⚠️ **Disclaimer**
This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly. Trade safe! 💼📉
By Dubai Traders Hub
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Follow us on X , YouTube, and Join our Telegram Channel
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.
By Dubai Traders Hub
Follow us on X , YouTube, and Join our Telegram Channel
Follow us on X , YouTube, and Join our Telegram Channel
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.