Here, I want to show traders the power of this pattern ; the descending wedge pattern.
Now, please note that this is a pattern , just a pattern and barring any unforseen circumstances, it is likely to break out of the bearish wedge and goes higher (a bullish move).
Now, you witness a 15 min IPO shares -Netease newly listed in HK.
Here's a few more examples :
1. JFIN You can get a 5 fold returns if you are nimble enough OR if you are late to the game, you end up paying a high price as sellers come in fast and furious.
2. EURUSD
A short term trade. Notice once it reaches the resistance line and if one does not take partial or full profits, you are at the mercy of the Market.
3. Dada Nexus - A very short spike followed by share price tumbling down. If you had bought this IPO and had no intention to hold it for long term, then you are subject to this price volatility. Are you OK ? Can you sleep at night ?If not, don't wager on it.
4. The talk in town - Genius Brand
5. The fear index, VIX
This one caused much panic in the recent market with its sharp spike up from 26 to 44, bringing SPX500 down nearly 10%.
6. EURCHF
Here, you gained more than 400 pips profits for holding on to it for nearly a month.
7. SPX500 An 800 point profits for holding on for 3 months
I hope these trades give you a clearer idea what you need to do. Once executed, your job is not complete. Just because it breaks out, it does not mean it must goes up. As traders, you need to react fast to the market and sell, reduce positions, etc to protect your positions.
Now, please note that this is a pattern , just a pattern and barring any unforseen circumstances, it is likely to break out of the bearish wedge and goes higher (a bullish move).
Now, you witness a 15 min IPO shares -Netease newly listed in HK.
Here's a few more examples :
1. JFIN You can get a 5 fold returns if you are nimble enough OR if you are late to the game, you end up paying a high price as sellers come in fast and furious.
2. EURUSD
A short term trade. Notice once it reaches the resistance line and if one does not take partial or full profits, you are at the mercy of the Market.
3. Dada Nexus - A very short spike followed by share price tumbling down. If you had bought this IPO and had no intention to hold it for long term, then you are subject to this price volatility. Are you OK ? Can you sleep at night ?If not, don't wager on it.
4. The talk in town - Genius Brand
5. The fear index, VIX
This one caused much panic in the recent market with its sharp spike up from 26 to 44, bringing SPX500 down nearly 10%.
6. EURCHF
Here, you gained more than 400 pips profits for holding on to it for nearly a month.
7. SPX500 An 800 point profits for holding on for 3 months
I hope these trades give you a clearer idea what you need to do. Once executed, your job is not complete. Just because it breaks out, it does not mean it must goes up. As traders, you need to react fast to the market and sell, reduce positions, etc to protect your positions.
