NASDAQ has clearly done mass psychology and got everybody at the wrong side of the market making people think it is going to continue long. But the pattern it formed was a rising wedge pattern which was clearly a reversal in trend. Now price has formed a bear flag pattern hence looking to enter short
Price has formed a descending channel. Will wait for the price to reach the bottom of the pattern 1 more time and form a reversal bull candle to enter long.
Price has formed a falling wedge pattern and looking to enter long. Will wait for the price to reach the bottom of the pattern and form a 1hr retrace bull candle to enter long
Price has formed a rising wedge Looking to enter short and with the profit target at the bottom of the pattern
Price has broken out of the ascending channel and is moving short. For those who were not able to get in. Just wait for the price to break the lower trend line and wait for minimum 6-8hr can for the market to tell us price will continue to go short after it forms a bear flag pattern
Trend - Short Nature - Corrective phase Pattern - Rising wedge Risk : Reward - 1:5 SL - 20 pips Rising wedge is highly suggestive of a reversal in trend from long to short
Long term trend - LONG nature - Corrective phase Pattern - Ascending channel Stoploss - 25pips Risk: Reward - 1:3 Ascending channel is suggestive of a reversal in trend from long to short
Long term trend - LONG Current trend - SHORT Nature - CORRECTIVE PHASE Pattern - BEAR FLAG Stoploss - 39pips Risk: Reward - 1:4
Long term trend - SHORT Current trend - SHORT Nature - IMPULSIVE PHASE Pattern - BEAR FLAG Will wait for a bear flag to form before entering short
Long term trend - LONG Current trend - LONG Nature - IMPULSIVE PHASE Pattern - BULL FLAG OR DOUBLE BOTTOM Stoploss - 34 pips Risk: Reward - 1:7
Long term trend - LONG Current trend - LONG Nature - CORRECTIVE PHASE Pattern - BULL FLAG Stoploss - 44 pips Risk: Reward - 1:5 Price has broken out of a falling wedge which is a reversal pattern. Now looking to enter on the 1st correction which is a bull flag
Long term trend - SHORT Current trend - LONG Nature - CORRECTIVE PHASE Pattern - BULL FLAG Stoploss - 28 pips Risk: Reward - 1:3
Long term trend - LONG (Soon to change direction to short) Current trend - SHORT Nature - CORRECTIVE PHASE Pattern - BEAR FLAG Stoploss - 50 pips Risk: Reward - 1:4
Long term trend - LONG (Soon change to short) Current trend - SHORT Nature - CORRECTIVE PHASE Pattern - BEAR EXPANDING FLAG Stoploss - 40 pips Risk: Reward - 1:5
Long term trend - LONG (Soon to change to short) Current trend - LONG Nature - CORRECTIVE PHASE Pattern - BULL FLAG Stoploss - 34 pips Risk: Reward - 1:3
Long term trend - SHORT Current trend -LONG Nature - CORRECTIVE PHASE Pattern - BULL FLAG Stoploss - 33 pips Risk: Reward - 1:3 Price has broken out of a reversal pattern (Falling wedge) and now forming a continuation pattern (bull flag)
Trend - Short Nature - Corrective phase Pattern - Bear Flag Stop loss : 44 pips Risk : Reward :20:1 Rising wedge pattern is a reversal pattern that is suggestive of a sell setup. Now forecasting a likely bear flag formation to continue the short trend
Long term trend - LONG Nature - Corrective phase Pattern - bear flag Stoploss - 50 pips Risk: Reward - 7:1