Hello Traders 👋
🧐 Market Overview:
I’ve opened a short on the NASDAQ based on a clear double top setup that formed yesterday. Several of my key variables aligned, giving this trade a high-probability edge:
Negative RSI divergence → showing weakening buying momentum
Lower volume on the second top → indicating exhaustion
Daily candle closure within threshold → confirming structure validity
📊 Trade Plan:
RR: 9.1
Entry: 23 931
Stop Loss: 23 178
Take Profit 1 (50%): 22 453
Take Profit 2 (50%): 21 969
💡 GTradingMethod Tip:
When trading reversal patterns like double tops, I always wait for confirmation across multiple variables (momentum, volume, candle structure). This increases probability and reduces false entries.
🙏 Thanks for checking out my post!
Follow me for more setups and let me know — do you see this double top holding, or is there more upside left in the NASDAQ?
📌 Disclaimer:
This is not financial advice. This content is to track my trading journey and for educational purposes only.
🧐 Market Overview:
I’ve opened a short on the NASDAQ based on a clear double top setup that formed yesterday. Several of my key variables aligned, giving this trade a high-probability edge:
Negative RSI divergence → showing weakening buying momentum
Lower volume on the second top → indicating exhaustion
Daily candle closure within threshold → confirming structure validity
📊 Trade Plan:
RR: 9.1
Entry: 23 931
Stop Loss: 23 178
Take Profit 1 (50%): 22 453
Take Profit 2 (50%): 21 969
💡 GTradingMethod Tip:
When trading reversal patterns like double tops, I always wait for confirmation across multiple variables (momentum, volume, candle structure). This increases probability and reduces false entries.
🙏 Thanks for checking out my post!
Follow me for more setups and let me know — do you see this double top holding, or is there more upside left in the NASDAQ?
📌 Disclaimer:
This is not financial advice. This content is to track my trading journey and for educational purposes only.
Trade active
Long position opened at 23 931. SL in write up had a typo. My SL is at 24 178
Note
Sorry, another typo... I meant I had opened a short position at 23 931. Still holding.Trade closed: stop reached
Took a loss. Part of the game. Feeling a bit emotional about this one. Got married to this trade, haven't done that for a few months...
Time to reflect, reset, go again and follow the process.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.