Short the NQ after price ovverthrows upper bollinger band
Updated
Bollinger bands squeezing on daily time frame, means that price does not have much clearance to continue moving up without progressively tapping and exceeding the upper 20 SMA daily bollinger band.
Will begin adding short at trigger line around 7076, or wherever price starts bursting out of upper bollinger band.
Look to March 12 on the chart for an idea of what I am talking about.
Will begin adding short at trigger line around 7076, or wherever price starts bursting out of upper bollinger band.
Look to March 12 on the chart for an idea of what I am talking about.
Comment
Just have to be patient now, that is the hardest part. Let price come to you, overage bulls are buying up here and they will be harvested by smart money.Comment
15 min timeframe hitting into resistanceComment
This is the biggest blow off top I've seen... I have not yet seen price to close outside daily bollinger band two days in a row going back in recent history.Comment
Also NQ would end on a hammer at the end of a powerful wave up. This spells disaster all over, but I cannot bring myself to take a short overnight position.Comment
4HR window, price is going to spike out of upper bband, right into short territory.
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.