SPY/QQQ Plan Your Trade For 8-8 : Harami Means Indecision
This update to my morning video was created to help you understand why a Harami pattern will likely prompt fairly large price rotation today.
The Harami pattern is an indecision type of pattern. It suggests price is struggling to find direction and may attempt to test upper and lower boundaries.
The purpose of the Harami pattern is to flush out weaker trading positions while, essentially, completing a minor Flag formation.
The Harami pattern is an Inside Bar. By structure, this Inside Bar is a Flag setup (very short-term).
The end of a Flag Formation means price will attempt to move into a new trending mode - or move back into a new Flag formation.
Pay attention to how price constructs this Harami/Flag pattern today.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
The Harami pattern is an indecision type of pattern. It suggests price is struggling to find direction and may attempt to test upper and lower boundaries.
The purpose of the Harami pattern is to flush out weaker trading positions while, essentially, completing a minor Flag formation.
The Harami pattern is an Inside Bar. By structure, this Inside Bar is a Flag setup (very short-term).
The end of a Flag Formation means price will attempt to move into a new trending mode - or move back into a new Flag formation.
Pay attention to how price constructs this Harami/Flag pattern today.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Get More Great Research & Tools
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.Com Expert Growth Today
Visit ment.com To Get Started
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.Com Expert Growth Today
Visit ment.com To Get Started
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.