US100 13808.4 + 0.49 % LONG IDEA * PRICE ACTION & RVSL PATTERNS

22 февр. 2022 г.

HEY EVERYONE

HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE,
A LOOK AT NASDAQ INDEX THIS WEEK SWING


* The index was trading in a DESCENDING channel but seems the channel is now RUNNING out of steam as we see consolidation at the base of the channel and the formation of a reversal pattern.
- Short term the index is currently in reversal formation in the form of a possible inverse H&S.
- key to the set up will definitely be patience.
* entry could include completion of the right shoulder, and momentum shift
- Looking for LONG entries on the INDEX this week should all the rules of the formation be met.

lets see how it goes


IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRAD