Now what after a nice big win on NQ?
I hope you catch the big quick drop on NQ with my last idea. I also hope you exited fast before the rebound. I got out almost at the bottom. I got out after the Doji formed at the bottom. I didn’t stick around for confirmation and just took my money and run!
Now NQ back up and consolidating. You can see my short and long set up. We are looking at descending triangle which books say often leads to further downtrend. My experience tells me it is 50/50 chance either way. All I know for sure is price will break out through the hypotenuse (resistance) or it will break down below the leg of triangle (support). So be patient, wait for confirmation of breakout before you enter my position. Or if you are aggressive just enter at first sight of candle break through. Both ways have good points and bad points. Personally I like to do it both ways, but it depends on what I am looking at to.
Safe trading. Please thumbs up me if you like this.
♥️ Ms. Bunny
Now NQ back up and consolidating. You can see my short and long set up. We are looking at descending triangle which books say often leads to further downtrend. My experience tells me it is 50/50 chance either way. All I know for sure is price will break out through the hypotenuse (resistance) or it will break down below the leg of triangle (support). So be patient, wait for confirmation of breakout before you enter my position. Or if you are aggressive just enter at first sight of candle break through. Both ways have good points and bad points. Personally I like to do it both ways, but it depends on what I am looking at to.
Safe trading. Please thumbs up me if you like this.
♥️ Ms. Bunny
Comment:
Now that we have ride the wave back up let’s see if we can take it to the 3rd profit target. Nice to get it from both ends. First short then long. It’s been a nice ride!
