Thursday Model for 6.30 TQQQUpdated Thursday model for TQQQ for this Thursday. Again, actual data can vary widely from the model. Look at swing points and chop zones.
Patterns built using TradingView exported 5 minute chart data in Excel.
TQQQ trade ideas
Time to Buy Stocks? TQQQ Analysis -73% There is something to be said about speculation.
Here we have the QQQ 3X fund, testing a key area. Not only are we testing a key area, but "large-risk" (largER anyway) is currently sitting -68% from the all time high.... Even more weird, when the whole world economy was shut down in 2020, TQQQ contracted -73.28%; oddly enough, at least in this view... we bounced at... -73.28%. (these measurements could be off by a few percentage points I just measured it once and they happened to be the same measurement.
Anyway, this looks like a good risk reward entry. I have bought and will continue to provide updates. For now, I have bought with the expectation that price will test the all time high from here.
God bless.
big orders bumping around triple qsusing order flow analysis and a volume profile you can see that a lot of action around the upper 24s has led to a bounce in the nasdaq and TQQQ 3x is a great way of capturing that. if we hold $24.58 and break $24.81 we should see that $25.86 level again no problem. envelope is flattening out, so id imagine this bounce has legs as long as were not seeing outflow on this etf.
Wednesday Model 6.29The Revised Model for Wednesday is posted. This model averages the data from the Actual Data in with the Original Model at 15% weight. This way, you can see what the old "original model" was, and compare it to the newly revised model.
The day's swing low is 12:40PM in the model. And the morning high comes in early at 9:55 AM.
Historically, Wednesdays are fairly choppy and flat. But as always, the pattern is not a market timing tool. It's simply a historical representation of intra-day trends. Note the swing points, as those may be key - no matter which direction the market is trading compared to the model.
Happy trading!
Tuesday Pattern 6.28Intraday pattern for Tuesday 6.28
I'm not trusting this pattern! It's very flat, and Tuesday could be volatile. We will have to wait and see. Swing points are noted--and most of the big moves are in the morning before 10:30 AM.
Again, this is a moving average of the intra-day patterns. It's more of an interest of note, and to check if market is aligning towards historical trends, or breaking overall pattern.
Monday Pattern MAThis is a moving weighted average of Monday Intra-day patterns. As such, it is lagging, and cannot be used to time the market.
Historically, there is a high at 9:45 with a decline at 12:10 and a second low at 1:00, with a slow rise.
Volatility shows times with low movement, and high potential to chop your profits.
Even if the pattern doesn't hold true, still look for potential swing points. as they may hold.
Today there is Housing data being release 30 minutes after the open. I would focus on that data and market movement.
Cheers!
FRIDAY intra day patternAssumptions: For 6.24.22
1) 52 weeks SMA
2) Remove all Fridays preceding holiday/3 day weekends
3) Weighted Moving average for last three weeks of June, and continue WMA moving forward
4) Weights: 52 weeks SMA (.55) June week 1 (.1) June week 2 (.15) June week 3 (.2)
5) Moving forward, 10% WMA on each new week.
6) Chop Zones in red show times with low movement/price in range where it might be dangerous to initiate new trades.
7) Even if pattern itself doesn't hold true, the swing points may hold true. Simply inverse the pattern.
Patterns are built using data exported from Trading View Premium. Thank you TV.
Daily Patterns for Tuesday 6.22Assumptions:
This is a moving average of a Tuesday Pattern that follows a Holiday Weekend where the market is closed on Monday. This provides a potential map for 6/21/22.
Data is a simple weighted average in Excel.
Holidays present and Weights: Indep Day 21- 10%, Labor Day 21 - 15%, MLK 22 - 20%, Wash Bday 22 - 25%, Mem Day 22 - 30%.
Volatility is calculated based on an absolute percentage difference of the moving average Open and Close Values on a 5 minute chart.
Danger Zones with low Volatility are highlighted in Red.
Potential Danger Zones for Scalping on Tuesday following a holiday are:
9:45AM
10:35AM
11:15-1135AM
1:00 PM
135PM
235 PM
325-335 PM
These zones should be avoided as they have low volatility, and are chop zones.
The chart is a visual display of the data on the left, showing the overall trend movement throughout the day. This data is simply a model of past data. Not a trading plan. You can use the visual chart to view the areas of low volatility, and how the market trend is overall throughout the day.
This was built in Excel with simple formulas, but using data exported from Trading View.
pullback from the lows startingtheres no guaruntee this is a longer or even intermediate term bottom, but a bounce is clearly underway today, and it looks like were pulling back from the downtrend on shorter timeframes. id imagine that if we manage to hold the hourly reversal staying above that TRAMA line now hovering around 22.63 breaking VWMA currently flattening out around 23.48 we should have the greenlight to close the gap at 24.77 and then threaten the 26 area
Slaughter GateHere’s an idea... introduce a weird currency as a solution to a crises, introduce a triple leveraged etf... run em both to the sky for 13 years in correlation with the market such that the triple leveraged ETF warrants a stock split. Then slaughter said ETF such that if goes much lower it runs the risk of 0. Sleep well at night knowing 0 is impossible because the etf on which the triple leveraged ETF is based isn’t remotely close to 0, and smile in your sleep knowing that the short float is becoming more and more dangerous because of FOMC.... then run said ETF to triple digits along with the weird currency because FOMO.
More room for TQQQ to drop.The chart shows there is still room for a 15% drop in TQQQ (about a -5% move on the QQQ's). Either prices this move tomorrow before the FOMC, or I think we might see the drop after the interest rates are raised.
Target is 20.49
The market is trending up overnight, so if it is retracing to the next Fib level, look for a potential reverse.
TQQQ Setup TQQQ for a Inverse Cup Drop to find support on the base of this Fib Channel. As long as we remain on this base support we can attempt a slow uptrend movement within these channels. We hit a bottom retracement range around the 26. Watch and follow the movements and wait for additional correction possibilities.
TQQQ , Countertrend Long This is a countertrend trade that I took today around an hour before close .
Some points :
Hammer that has above average volume is a potential bottom , its wick is a good indicator of support ... I used it vs stop
Todays bullish engulphing shows more potential reversal signs
I also see a potential double bottom lower low major trend reversal set up that is also a second entry long on a longer time frame .
It is also a range though. And a downtrend on daily .
Trade managemnt will be as follows:
1)Sell 1/4 at 1R adjust stop to half risk on balance .
2)Sell 1/4 at 2R adjust stop to entry
3)Then try to run the balance but Sell rest on a close below 10/21 emas .
Might sell a tiny bit prior if we get over extrended from ma's too , my just because clause ...
Ps :On the road so using a white background for ideas because it's easier to load I find on my phones , which I'm using to manage TV and orders while I'm away ...
Entry 28.58
Stop vs low of hammer . 24.79
initial PT 32.18
hourly picture still bullish, but not ruling out daily reversalthe hourly picture for the nasdaq is looking like weve managed to hold some support over a daily neckline. if that necklline is threatened, id imagine we are revisiting that lower level soon. if we break it- look out below as a close beneath $31 will probably dictate 29.24 or lower. if we manage to hang on to this daily uptrend and close above the 33 mark i would imagine were challenging 35. 32.97 remains where that flatlining TRAMA lies at the moment. choppy action trading in this range has been hard to swallow for a lot of swing traders who were hoping for a breakout, or trying to catch consolidation to the downisde. it has also been bearish for volatility however, and this could revive the bounce if we see a breakdown in vix soon.
TQQQ Wants to "Get up!" the Charts Like James Brown's "Get Up" TQQQ Wants to "Get up!" the Charts Like James Brown's "Get Up"
Patterns Identified- Double Bottom and Falling Wedge. Both patterns show on the weekly, daily and four hour timeframes!
Day Low- 31.76 (This is where the double bottom rests)
9MA recently crossed above the 21 MA on the daily timeframe.
Therefore, I am bullish on TQQQ and prepared to dance to "Get Up" like JB if my analysis proves true.
I will enter a swing position for a move to the upside AFTER after a break above 33.49.
"Get Up!",
MrALtrades00
