The 15m chart shows 3 things with absolute clarity
1. Rising wedge
• A clean candle through wedge support
• A retest attempt that failed
• Follow-through selling
• High-volume breakdown bar
2. Double top at $619-$620
• Top 1 rejection
• Top 2 rejection
• Neckline broken
• Pattern validated
• The double top + wedge combo gives strong short-term downside momentum
3. Momentum confirms the breakdown
• RSI sloping down, under its average
• Stoch rolling over from mid zone
• No bullish divergences
• No failed breakdown behavior
• This is genuine intraday weakness
Short-term downtrend on the 15m is active & should continue toward support, ~$604
• This target is not arbitrary - it has extremely strong confluence
• Rising wedge measured move
• Double-top measured move
• AVWAP (21 November) ≈ $603-$605
• Daily pivot support zone
• 50d MA ~$604
• Largest VPVR volume node (HVN) $602-$610
• Fair-value of the entire multi-week range
Every timeframe and every tool points to $604-$610 as the magnet
• The market is heading directly toward it
• This 15m breakdown is simply the path into it
Volume confirms this is real selling
• The breakdown candle has higher volume
• Volume increased from baseline
• Not holiday drift, not thin liquidity
• True supply entered at the top
• This validates the move
Short-term is bearish until ~$604-$610 is hit
• This is a normal pullback into support
The larger trend remains bullish because price is above all major MAs (20d/50d/100d/200d)
• Macro shifted bullish (rate-cut odds jumped)
• Daily trend structure is intact
• 4H MACD still bullish
• Daily RSI still rising
This 15m breakdown is corrective within an uptrend
• Follow-through toward ~$610
• Liquidity sweep of the wedge target ~$604-$606
• Bounce attempt from $604-$610
• The market will try to reclaim $612-$615
• If it succeeds, trend resumes toward $620+
• If it fails → next test is $600-$603
Bullish continuation remains intact above $610, while warning signals appear below $610 & a break of $605
• Both still compatible with larger bullish structure
Bearish shift (deeper correction risk)
• Break below $600
• Bearish confirmation with a break below $590
• This would signal a structural break on the daily timeframe; however, right now we are nowhere near those lower levels
The 15m chart shows a real, clean breakdown, valid bearish patterns, selling into the highs & momentum rolling over
• A short-term move toward ~$604-$610, but this is a normal pullback in a strong daily uptrend & larger trend remains bullish
• $604-$610 is key
• Expect a bounce attempt there
• No evidence yet of a trend reversal
• No evidence of a larger correction unless $600, then $590 break
• This is exactly how strong markets correct
1. Rising wedge
• A clean candle through wedge support
• A retest attempt that failed
• Follow-through selling
• High-volume breakdown bar
2. Double top at $619-$620
• Top 1 rejection
• Top 2 rejection
• Neckline broken
• Pattern validated
• The double top + wedge combo gives strong short-term downside momentum
3. Momentum confirms the breakdown
• RSI sloping down, under its average
• Stoch rolling over from mid zone
• No bullish divergences
• No failed breakdown behavior
• This is genuine intraday weakness
Short-term downtrend on the 15m is active & should continue toward support, ~$604
• This target is not arbitrary - it has extremely strong confluence
• Rising wedge measured move
• Double-top measured move
• AVWAP (21 November) ≈ $603-$605
• Daily pivot support zone
• 50d MA ~$604
• Largest VPVR volume node (HVN) $602-$610
• Fair-value of the entire multi-week range
Every timeframe and every tool points to $604-$610 as the magnet
• The market is heading directly toward it
• This 15m breakdown is simply the path into it
Volume confirms this is real selling
• The breakdown candle has higher volume
• Volume increased from baseline
• Not holiday drift, not thin liquidity
• True supply entered at the top
• This validates the move
Short-term is bearish until ~$604-$610 is hit
• This is a normal pullback into support
The larger trend remains bullish because price is above all major MAs (20d/50d/100d/200d)
• Macro shifted bullish (rate-cut odds jumped)
• Daily trend structure is intact
• 4H MACD still bullish
• Daily RSI still rising
This 15m breakdown is corrective within an uptrend
• Follow-through toward ~$610
• Liquidity sweep of the wedge target ~$604-$606
• Bounce attempt from $604-$610
• The market will try to reclaim $612-$615
• If it succeeds, trend resumes toward $620+
• If it fails → next test is $600-$603
Bullish continuation remains intact above $610, while warning signals appear below $610 & a break of $605
• Both still compatible with larger bullish structure
Bearish shift (deeper correction risk)
• Break below $600
• Bearish confirmation with a break below $590
• This would signal a structural break on the daily timeframe; however, right now we are nowhere near those lower levels
The 15m chart shows a real, clean breakdown, valid bearish patterns, selling into the highs & momentum rolling over
• A short-term move toward ~$604-$610, but this is a normal pullback in a strong daily uptrend & larger trend remains bullish
• $604-$610 is key
• Expect a bounce attempt there
• No evidence yet of a trend reversal
• No evidence of a larger correction unless $600, then $590 break
• This is exactly how strong markets correct
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tradingview.com/symbols/NASDAQ-QQQ/minds/?mind=eJjZ-vD3QPyQI0YnDLOdZQI am not a licensed professional & these posts are for informational purposes only, not financial advice.
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ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
I am not a licensed professional & these posts are for informational purposes only, not financial advice.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
