Technical analysis by pakoumal about Symbol QQQX on 8/31/2025

Symmetrical triangle = compression where buyers keep stepping in higher, but sellers cap at lower levels Often a continuation pattern, but it can break either way depending on volume + macro drivers MACD just had a bearish cross earlier, but it’s trying to curl back up which suggests indecision & matches the triangle RSI is holding mid-zone (~45) - not oversold, not overbought, again, neutral compression In a proper symmetrical triangle, volume should decline as the pattern compresses This shows traders waiting, fewer willing to commit inside the chop That looks normal here (quieter trading into late August) Volume must expand; otherwise it’s just a fake-out; ideally, RSI also breaks under ~40 & MACD diverges down If price falls back inside the triangle on weak volume, it’s a false move If price reclaims the ascending line quickly, it’s a bear trap If the breakout candle volume is ≥150% of average, that’s confirmation If price moves but volume stays weak, expect a possible reversal Watch the first 15–30 min of volume after the break If it’s a strong surge, odds favor continuation If volume fades and price chops back inside the triangle, it’s likely a fake-out Price broke down through the ascending support trendline around ~$572, currently testing $570 Volume expanded on the breakdown candle which adds credibility to the move If follow-through comes with continued above-average volume, it confirms the downside break Triangle height is ~24 points (from ~$583 high to ~$559 low), so $570 – $24 = ~$546 (aligns with prior support from mid-August) If volume continues to stay above 1.3M baseline & Tuesday closes weak, expect sellers to aim for ~$558 first (previous swing low) & then the measured move (~$546) Direction = which line breaks (up/down) Strength = whether volume surges beyond normal Bulls need a fast reclaim of $572–$573 on strong volume; otherwise, bears keep control