Buy on breakdown or more risk averse, sell the retest fail.
Ascending wedges at end of an uptrend tend to break down.
Ascending wedges at end of an uptrend tend to break down.
코멘트:
Here is Nasdaq also exhibiting the same pattern
코멘트:
SPX updated
코멘트:
NQ diamond pattern + resistance line
코멘트:
NQ update, 15 min pushing outside upper bollinger band. 1 hour soon to follow, this is a trap that will be sprung on bulls.
코멘트:
NQ pattern retest before big drop.
코멘트:
ES / S&P500 about to retest and fail
코멘트:
An update on NQ and ES charts. Ascending wedge (bearish) still in play. I could see a fake breakout to the upside overnight due to FB earnings for the bearish case, and continuation once successful retest of wedge resistance line holds after breakout to the upside.
I think FB + AMZN will be used to juice NQ up and over and then the market will sell off into Friday.
NQ
ES
I think FB + AMZN will be used to juice NQ up and over and then the market will sell off into Friday.
NQ
ES
코멘트:
NQ, pricing in AMZN failure - I think they will sell regardless of the earnings report, NQ wedge is failed retest.