Nasdaq Bearish Rising Wedge followed by a Bullish Bat, these two patterns happen to be my favourite one and when it works can be quite profitable as you can trade both ways, just waiting for a break below the rising wedge to enter a short then close at the bottom of the bat pattern then long, lets see, will be updating as it progress, any question please ask and if you like please push the like bottom, this is my trading plan for myself trade at your own risk, know your limits, good luck and wish you success โบ๐ค
ใณใกใณใ
โ
As you can see by the time I finished publishing this there is a break below the wedge, waiting for confirmation, you can either wait for the candle to close or see if there is any rejection to get back to the wedge or you could also enter a short with a tight stop-loss just above the lower line from the wedge. wish you luck
ใณใกใณใ
โ
Good morning guys, hope everyone is well and safe Nasdaq working out beautifully if anyone trade the graph will have a considerable amount of pips now that it touched the fib 61.8 I closed my position, but it might go down to complete the pattern, a good idea would be to add a small long from the 61.8 fib and if goes down to add more at the completion of the pattern... Mind you the red line below it is good support, also good as an entry point,GL guys
ใณใกใณใ
โ
The pattern now is complete and fully activated, as you can see in the photo below, also there is a red line on the last lower where you should put your SL good luck guys wish you success
ใณใกใณใ
โ
the market still weak doesn't seem to have enough power to go up, so I closed my longs to long again lower, GL guys
ใใฌใผใ็ตไบ: ๅฉ็็ขบๅฎ็ฎๆจใซๅฐ้
โ
Hope someone was able to do some great profits ๐ค
@Alasadi14, Thanks mate, have a great day ๐๐ค
parhamsoltani
โ
Nice work ๐๐๐
parhamsoltani
โ
Thanks for super analyze
RealPastorBob
โ
@parhamsoltani, You're welcome, hope you're ok, did you trade that? but the market still weak doesn't seem to have enough power to go up, so I closed my longs to long again lower, GL mate ๐๐ป
parhamsoltani
โ
@sanmarts, I got very good profit with shorting as you adviced ,without last night trade I couldn't survive anymore because of many mistake which i did recently..so you saved me bro ๐
I long on 12990 and still have that position ...
RealPastorBob
โ
@parhamsoltani, Fantastic!! Glad it worked out for you, if you still holding your longs, I'd advise you to move your stop loss near, just in case of a reversal, GL
coreta77
โ
Stil bearish?
RealPastorBob
โ
@coreta77, Hi Coreta, it was a double trade, first bearish than bullish, it just reached the destination as you can see on the update