TQQQ Day trade

31 Mar 2021

Levels are established on the daily through fib retracement from High to low swing, zoomed in on the 5 minute to trade between those levels as I follow structure of the ETF. Fib retracement levels are established again within the imbalances on the 5 minute to find zones for entries and exits (blue box). the bottom blue box is the .312-.618 level of the 3/26 run up was looking for a retracement before another run up. The exit the top blue box was made with the fib retracement as well using .312-.618 levels between the 88.97 and 93.31 marker and a fib extension of the after hour trend (just for more accuracy to locate where PA can go) which landed me between 90.59 and 91.66