TQQQ

28 Tem 2023

Ticker: Tqqq

• Seasonality PRE ELECTION YEARS July 28th – Aug 25th (Avg return -8.45% )

• SMC
Long term market structure: Bullish
Short Term market structure: Bullish

Bullish order block: $42-$43

Bearish order block: $45.41- $45.74

Breaker Block: $43.84 - $44.10

Imbalances: Upper $46.21 - $45.70 Lower $43.01- $44.59

Bearish CHOCH: $42.44

IDM sweep: yes @ $42.51

Next BOS: $45.72

• Elliot wave: ABC Flat correction


• Price Action

Support: $44.84 AND $43.89

Resistance: $46.57 AND $46.13

Summary: As for now nothing is screaming short besides stocks being overbought on multiple time frames, yes u can short here and get lucky and catch a good drop but that’s pretty much gambling, if you do it here you will do it on every pullback and not be so lucky, go with the trend.

2 Ağu 2023

Not

warning bulls we have hit this support multiple times. use caution