good eve'
check out this beautiful pitchfork on the nasdaq.
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what i'm depicting here is a 2.618 expanded flat,
which is an expanded flat with an extension in one of the legs.
---
these are usually designed to push bears out of the market due to high short interest.
unfortunately, what usually ends up happening is bears keep shorting, and the market keeps squeezing -
which results in these over-extended moves.
---
![[primary nasdaq outlook].](https://s3.tradingview.com/l/L2gt67O7_mid.png)
check out this beautiful pitchfork on the nasdaq.
---
what i'm depicting here is a 2.618 expanded flat,
which is an expanded flat with an extension in one of the legs.
---
these are usually designed to push bears out of the market due to high short interest.
unfortunately, what usually ends up happening is bears keep shorting, and the market keeps squeezing -
which results in these over-extended moves.
---
Note
🔥
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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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.