Thesis
QQQ remains in a late-stage bullish structure. Price is testing the upper boundary of a bullish wedge, with Wave 5 still the primary scenario while key supports hold.
Context
- Weekly timeframe
- Long-term bull trend intact
- Market approaching the final phase of the broader cycle
What I see
- Price tested the wedge breakout level twice this week
- Weekly close held right on the breakout line near $623
- 50-day MA has now been tested and appears to be flipping to support
- Structure remains compressive, not distributive
What matters now
- Breakout level needs to be clearly flipped to support to confirm continuation
- Market is not pricing near-term event risk (tariff ruling next week) as bearish
- As long as price holds above the $600 area, upside structure remains intact
Buy / Accumulation zone
- No aggressive adds at current levels
- Long-term accumulation remains near the $440 area (200WMA confluence)
Targets
- Primary Wave 5 reference: $720–$725 area (2.618 Fib)
Risk / Invalidation
- Loss of $600 and failure to hold the wedge breakout would shift the structure to consolidation
QQQ remains in a late-stage bullish structure. Price is testing the upper boundary of a bullish wedge, with Wave 5 still the primary scenario while key supports hold.
Context
- Weekly timeframe
- Long-term bull trend intact
- Market approaching the final phase of the broader cycle
What I see
- Price tested the wedge breakout level twice this week
- Weekly close held right on the breakout line near $623
- 50-day MA has now been tested and appears to be flipping to support
- Structure remains compressive, not distributive
What matters now
- Breakout level needs to be clearly flipped to support to confirm continuation
- Market is not pricing near-term event risk (tariff ruling next week) as bearish
- As long as price holds above the $600 area, upside structure remains intact
Buy / Accumulation zone
- No aggressive adds at current levels
- Long-term accumulation remains near the $440 area (200WMA confluence)
Targets
- Primary Wave 5 reference: $720–$725 area (2.618 Fib)
Risk / Invalidation
- Loss of $600 and failure to hold the wedge breakout would shift the structure to consolidation
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Long term investor. Open portfolio and full thesis on eToro: etoro.com/people/maratteo
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.