SQQQ Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B
BEAR
etf
SQQQ is currently showing a bearish wedge compression on the 30-minute timeframe, graded B by the UnxEdge scanner. The current breakout level is $32.74, currently 1.47% away. This pattern has shown a 2.0x profit factor across 6 backtested trades.
Current Setup
Close$33.22
Breakout Level$32.74
Distance to Level1.47%
RVOL1.2×
Pressure77
PatternCompression
Trade Plan
Entry$32.64
Stop$32.88
TP1$32.41
TP2$32.18
TP3$31.94
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 |
|---|---|---|---|---|---|---|
| 2026-10-12 | B | BEAR | $32.74 | 1.47% | 77 | — |
| 2026-10-12 | B | BEAR | $32.74 | 0.70% | 89 | — |
| 2026-10-12 | B | BEAR | $32.74 | 0.70% | 89 | — |
| 2026-10-12 | B | BEAR | $32.74 | 0.70% | 89 | — |
| 2026-10-12 | B | BEAR | $32.74 | 0.70% | 89 | — |
| 2026-10-09 | B | BEAR | $32.74 | 0.70% | 89 | — |
| 2026-10-09 | B | BEAR | $32.74 | 0.70% | 89 | — |
| 2026-10-09 | B | BEAR | $32.74 | 0.70% | 89 | — |
| 2026-10-09 | B | BEAR | $32.74 | 0.70% | 89 | — |
| 2026-10-09 | B | BEAR | $32.74 | 0.70% | 89 | — |
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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