Long Position on QQQ – 16th May 2025 Analysis

Trading Idea: Long Position on QQQ – 16th May 2025

This chart illustrates a long position on QQQ, in the Daily Time Frame. Overall, the market structure is bullish. It is expected to retest 493 to 500, before going further high. Also, if any liquidity is targeted, then 475 should be the spot.

Analysis:
• Market Structure: The overall market structure is Bullish. Since it has given good breakout above recent high above 20 EMA (i.e. on 25th March 2025), it is the expectation that the market will retest this level, near 493 to 500.
• Liquidity Target: It is also expected that big players can target liquidity near 475 level, which was the recent breakout level.
• Trend Change: Anything below 475, could be considered in weakness in trend and possibly slow down the recovery to all time high.

Trade plan1:
• Entry: Near 500
• Stop Loss: 490
• Take Profit: Around 530
• Risk-Reward: 1:4

Trade plan2:
• Entry: Near $480
• Stop Loss: Near $470
• Take Profit: Around $530
• Risk-Reward: 1:5

Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.