Technical analysis by pakoumal about Symbol QQQX on 8/18/2025

Right now, QQQ is resting right at wedge support + pivot, which is often where the next directional move starts Price is pressing on the lower wedge line but not breaking with conviction Volume (white line) is tapering, which means the “breakdown” pressure hasn’t been confirmed Wedges love fake breakdowns - only act when price + volume confirm together Gap up reclaims $578 at open with volume; ideally, a green candle with little/no lower wick (shows buyers controlled the whole session) $582 to ~$586 AVWAP ($580C/$582C scalp, $585C swing) Invalid back under ~$577 Gap down or fail $577 at open; ideally, opens & trades below $576 (prevents fake breakdowns) with volume expansion on the red candle (confirms sellers are pressing) - bonus if price retests $577 & fails (strong confirmation of breakdown) $572, then ~$569 to ~$568 ($577P scalp, $575P main, $570P runner) Invalid if price reclaims & holds above 579