$QQQ Bearish Breakdown Trend Reversal Confirmed
QQQ has rejected firmly from the 721.85 peak and is now sliding toward 696.99 with momentum shifting decisively to the downside. The asset has lost its bullish structure, and sellers are stepping back in.
🔻 Market Bias: SHORT
🔹 Entry Zone: 695.00 – 698.00
🔹 Stop Loss: 706.00
🎯 Profit Targets:
• TP1: 686.00
• TP2: 675.00
• TP3: 666.10
Leverage: 10x – 15x
Technical Outlook:
· RSI(6) at 36.34 – Dropping sharply from overbought levels, indicating strong momentum shift to the downside with more room to fall.
· MACD: Bearish crossover confirmed on the 15m timeframe with red histogram expanding.
· Structure: Failure to hold 710.00 followed by a cascade of red candles with lower highs forming.
· Volume: Selling volume is increasing on the pullback, confirming bearish control.
The rally from 578.91 has likely topped. If price breaks below 695.00, acceleration toward 686.00 and deeper liquidity zones is likely. Do not try to catch this falling knife. 📉