NASDAQ 100 E-mini FuturesUpdated Pennant in Nasdaq 100
This pennant has a strong probability to generate a directional move, 15-20% in either direction. Wait for breakout and trade accordingly. Make sure to stay flexible and reverse the position if a headfake occurs.
Generally speaking, pennants usually continue the previous trend, and so a downwards breakout should be given a higher probability of occurring.
Generally speaking, pennants usually continue the previous trend, and so a downwards breakout should be given a higher probability of occurring.
Note
Headfake?Note
No headfake! Positioned long at 12000
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.
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.