Just a quickie here to show how the trend has shifted to the downside.
Uptrend since 16th has been very slow, choppy and corrective.
Now we see a break to the downside punctuated by the fast upside wick Shakeout Reversal Pattern.
Indices are particularly good for printing this pattern and giving definition to trend.
Good moment for finding shorts and exiting longs however there will be a big bounce coming for NDX down the road I think.
Not advice.
Uptrend since 16th has been very slow, choppy and corrective.
Now we see a break to the downside punctuated by the fast upside wick Shakeout Reversal Pattern.
Indices are particularly good for printing this pattern and giving definition to trend.
Good moment for finding shorts and exiting longs however there will be a big bounce coming for NDX down the road I think.
Not advice.
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