SQQQ Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B
BULL
etf
SQQQ is currently showing a bullish wedge compression on the 30-minute timeframe, graded B by the UnxEdge scanner. The current breakout level is $40.01, currently 0.41% away. This pattern has shown a 2.0x profit factor across 6 backtested trades.
Current Setup
Close$39.84 -1.17%
Breakout Level$40.01
Distance to Level0.41%
RVOL0.5×
Pressure74
PatternChannel
Trade Plan
Entry$40.13
Stop$39.82
TP1$40.45
TP2$40.76
TP3$41.07
Chart
Backtest Performance
Win Rate
67%
Profit Factor
2.00x
Avg R
+0.33R
Trades
6
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Jun 1 | BEAR | A- | $37.38 | $37.81 | $36.95 | $37.81 | LOSS | -1.00R | 8 |
| May 28 | BEAR | A- | $38.76 | $39.19 | $38.34 | $38.34 | WIN | +0.98R | 5 |
| May 21 | BEAR | A- | $41.97 | $42.54 | $41.40 | $42.54 | LOSS | -1.00R | 4 |
| May 13 | BEAR | A+ | $41.82 | $42.23 | $41.40 | $41.40 | WIN | +1.02R | 5 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-08-26 | B | BULL | $40.01 | 0.74% | 74 | — |
| 2026-08-26 | B+ | BULL | $40.01 | 0.64% | 73 | — |
| 2026-08-26 | B | BULL | $40.01 | 0.69% | 75 | — |
| 2026-08-26 | B | BULL | $40.01 | 0.79% | 62 | — |
| 2026-08-26 | B | BULL | $40.01 | 1.46% | 63 | — |
| 2026-08-26 | B+ | BULL | $40.01 | 1.06% | 67 | — |
| 2026-08-26 | B | BULL | $40.01 | 1.21% | 63 | — |
| 2026-08-26 | B+ | BULL | $40.01 | 1.06% | 63 | — |
| 2026-08-26 | B | BULL | $40.01 | 1.31% | 62 | — |
| 2026-08-26 | B+ | BULL | $40.01 | 1.16% | 65 | — |
Bot Activity
| Date | Side | Result | R | Exit |
|---|---|---|---|---|
| 2026-06-03 | BEAR | — | — | Entry cutoff — past 3:45pm ET |
| 2026-06-01 | BEAR | — | — | NO CONTRACT: No qualifying option contract found |
| 2026-05-28 | BEAR | — | — | NO CONTRACT: No qualifying option contract found |
Other Active Breakout Setups
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