Predicting the double top on NDQ.
I have longed a couple of assets i have been eying for a while during the correction at a good price, so this short is part of a hedging strategy I am taking.
2 entries, first (1/2) at fib 0.618 (reversed) the second (2/2) aiming for a double top.
My thought logic is like that:
If I fail to predict the double top on NDQ than my longs will most likely be much more profitable than my short.
I have longed a couple of assets i have been eying for a while during the correction at a good price, so this short is part of a hedging strategy I am taking.
2 entries, first (1/2) at fib 0.618 (reversed) the second (2/2) aiming for a double top.
My thought logic is like that:
If I fail to predict the double top on NDQ than my longs will most likely be much more profitable than my short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.