Nasdaq parallel channel?
Updated
Hi traders.
I found parallel channel in Nasdaq.
If it reaches entry level, it's a good chance for short trading.
Good luck.
Thank you.
Entry : 7430
Stop Loss : 7573
TP#1 : 7030
TP#2 : 6730
I found parallel channel in Nasdaq.
If it reaches entry level, it's a good chance for short trading.
Good luck.
Thank you.
Entry : 7430
Stop Loss : 7573
TP#1 : 7030
TP#2 : 6730
Note
It reaches the top of the channel faster than I expected. So I selled 7480(cme 7080), which is more expensive than the entry price
Trade closed manually
A hammer candle came out near the bottom channel. In earlier candles, the hammer candle meant reversal. So I closed the positions.nice profit! :)
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